Celsius Network Assets Under Management (AUM) saw 10x increase in 2020

By Keith Thuerk | New to Crypto's? | 21 Jan 2021

Celsius Network (CEL) the cryptocurrency rewards platform, additionally they offer High Yield Staking and crypto loans.

CEL had a banner year! They experienced 10X growth in their Assets Under Management (AUM) to $5.3BN according to data released to CoinRivet.

Its no surprise that the Crypto market had explosive growth in 2020. While CEL became the second largest digital asset manage in Nov. '20 while passing $3.3BN AUM.

6bcd2c5436d93bd6c59b7df5c4b52e357513f6e12fbdee4aee5d25327bd53858.png

What does this mean? I believe it translates to more retail investors getting into Crypto.

0733c7a5c81af6fd3218c2797970634fe3769b5cf88ec2163f73775045f8ff6e.png

Summary - Lots of reasons for Crypto foundational shift last year. More US Stimulus money expected in 2021, I expect more retail movers into the Crypto Realm!

Enjoy the Journey!

Cryptocurrency Bitcoin (BTC) Crypto Celsius Network CEL

How do you rate this article?