VICTORIA, Seychelles, April 13, 2021 / PRNewswire / – OKEx (www.okex.com), one of the world’s top 5 spot currency and derivatives exchanges, expands support for borrowing and lending ecosystem of cryptocurrency by listing the CEL token, led by Celsius, the industry’s leading cryptocurrency yield platform. CEL depots opened at 03:00 UTC on April 13. CEL spot trading against USDT will open at 05:00 UTC on April 13, and withdrawals will open at 10:00 UTC on April 14.
OKEx is the third global exchange to list CEL tokens in recent weeks, in addition to several decentralized exchanges since the CEL token was first listed in June 2019. With a daily trading volume of over $ 1.2 billion, OKEx is now the largest exchange to support CEL. As the accelerated growth of Celsius users exceeds 570,000, the demand for CEL tokens continues to grow worldwide.
CEL is the native ERC-20 utility token of the rapidly growing Celsius platform, which recently announced the control of over $ 10 billion in cryptocurrency assets and the payment of over $ 250 million. dollars of return in crypto to its customers. CEL token holders can enjoy several advantages within the network, including obtaining returns on crypto assets up to 25% higher than non-holders and obtaining crypto-backed loans with up to 25% less interest payable. Additionally, Celsius distributes weekly rewards to CEL holders with an APY of 4.86%.
At a time when the average bank savings account offers only 0.04% interest per year and many analysts fear impending inflation caused by an unprecedented expansion in the money supply, it is impossible to obtain interest rates of up to 18.5% in traditional financial markets. Celsius’ platform has spawned the crypto borrowing and lending ecosystem through centralized providers like Celsius and OKEx, as investors seek alternative ways to make their money work for them.
Launched in June 2018, Celsius has grown into one of the industry’s leading cryptocurrency rewards earning platforms, bringing together over half a million users worldwide. Celsius customers can earn a return on over 40 different crypto assets including stablecoins held in their Celsius account at competitive rates or take out an instant, low cost crypto guaranteed loan through a mobile app.
OKEx CEO Jay Hao commented on the new list:
“We are pleased to help foster the growth of the cryptocurrency borrowing and lending ecosystem by adding the Celsius CEL token to the OKEx exchange. We share the same belief that cryptocurrencies can offer financial freedom to all people around the world and we believe that as the industry grows there is room for both centralized and decentralized. As one of the fastest growing platforms in the space, Celsius also reflects OKEx’s deep commitment to continuous innovation. We are looking forward to growing with them. ”
Alex Mashinsky, CEO of Celsius, continued to add:
“This is a very exciting day for CEL and the Celsius community. OKEx is the global leader in the crypto exchange, and this partnership means millions more customers around the world can now access CEL and all of its financial benefits. . Celsius is committed to catalyzing economic and financial exchanges. Independence for all and partnering with trading programs like OKEx help make this possible. “
The world’s leading spot cryptocurrency and derivatives market, OKEx offers the most diverse marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, improve investment opportunities and hedge risks. We offer spot trading and derivatives – including futures, perpetual swaps and options – of major cryptocurrencies, giving investors flexibility in formulating their strategies to maximize gains and mitigate risk. .
Celsius helps hundreds of thousands of consumers around the world find the path to financial independence through a compound return service and low-cost instant loans accessible through a web and mobile app. Built on the belief that financial services should only do what is in the best interests of customers and the community, Celsius is a free blockchain-based platform where membership provides access to organized financial services that are not available through traditional financial institutions. For more information, please visit www.celsius.network
Telegram group (English): https://t.me/OKExOfficial_English
Telegram group (Russian): https://t.me/okexofficial_ru
Telegram group (English): Celsius Community Telegram
Disclaimer: This document should not be taken as a basis for making investment decisions, nor should it be construed as a recommendation to engage in investment transactions. Trading digital assets involves significant risk and may result in the loss of your invested capital. You should make sure you fully understand the risk involved and take into consideration your level of experience, your investment goals and seek independent financial advice if necessary.
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