New to Crypto's?

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

Celsius Network

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


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!

How do you rate this article?

8


Keith Thuerk
Keith Thuerk

Currently learning about Crypto and DeFi to combat the Inflationary Tidal wave coming our way!


New to Crypto's?
New to Crypto's?

New to Crypto's? What are the key constructs? Best Practices

Publish0x Publish0x

Reward the author with $0.01 in crypto, and earn yourself as you read!

20% to author / 80% to me.
Rewards are FREE. Publish0x pays them, not you.

Page not displaying correctly?