{"id":8537,"date":"2021-08-24T17:21:21","date_gmt":"2021-08-24T16:21:21","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=8537"},"modified":"2021-08-24T17:21:28","modified_gmt":"2021-08-24T16:21:28","slug":"celsius-reportedly-holds-more-than-20b-in-digital-assets","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/celsius-reportedly-holds-more-than-20b-in-digital-assets\/","title":{"rendered":"Celsius reportedly holds more than $20B in digital assets"},"content":{"rendered":"\n
Celsius Network, a cryptocurrency <\/a>lending platform, has announced that it currently holds more than $20 billion in digital assets, making it one of the largest companies in the decentralized finance industry.<\/h5>\n\n\n\n
\"Celsius<\/figure>\n\n\n\n

During a Tuesday press conference, Celsius \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>said the value of its holdings had increased by more than 1,900 percent in less than a year, going from $1 billion in June 2020 to $20.3 billion as of Aug. 13. <\/p>\n\n\n\n

It also discovered that it was adding approximately $1 billion in new digital assets per month as a result of an internal audit conducted with the help of technology provided by analytics firm Chainalysis<\/a>.<\/p>\n\n\n\n

Celcius CEO Alex Mashinsky believes that the platform's growth can be attributed to its “low-cost lending and high-interest yield on 43 cryptocurrencies,” as well as its “community-centric model.” <\/p>\n\n\n\n

Celcius's website indicates that the platform currently boasts more than 962,000 users, or approximately 1 percent, of its stated goal of “bringing the next 100 million people into cryptocurrency<\/a>.”<\/p>\n\n\n\n

According to research conducted by Alpha Sigma Capital, which is also an investor in Celsius, the platform's assets under management will reach $30 billion by the end of 2025, according to the company. <\/p>\n\n\n\n

Despite the fact that the decentralized finance, or DeFi<\/a>, space has been disrupted by the largest-ever attack on the Poly Network this month, Celsius has paid out $468 million in cryptocurrency rewards to depositors in the last year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Celsius Network, a cryptocurrency lending platform, has announced that it currently holds more than $20 billion in digital assets, making it one of the largest companies in the decentralized finance industry. During a Tuesday press conference, Celsius said the value of its holdings had increased by more than 1,900 percent in less than a year, […]<\/p>\n","protected":false},"author":13,"featured_media":8538,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[3991,1526,3992],"class_list":["post-8537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-celcius","tag-digital-assets","tag-sigma"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/08\/image-236.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/8537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=8537"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/8537\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/8538"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=8537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=8537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=8537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}