Celsius Network Now Sits on $2.2B AUM

Crypto lending platform Celsius Network has crossed $2.2 billion in assets under management (AUM), according to a press release published on Nov. 9.

Celsius network has reached the milestone of $2.2 billion in AUM, only 6 months after reaching $1 billion in AUM, which was achieved in May 2020
Celsius Network said that 2020 had been a very successful year, with 215,000 users worldwide and $80 million in crypto rewards distributed
Celsius CEO Alex Mashinsky said that the platform was responsible for the concept of earning yield and “launched the DeFi revolution””
The CEL token is up over 3,600% in the past year
With the tagline of “Unbank Yourself”, Celsius Network is a rewards based platform that gives users low-cost loans via a mobile app; users can earn high annual yields on over 40 assets

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