Celsius Network LLC, which is now
called BitMEX Labs, is a bankrupt cryptocurrency lending company. Celsius’s
headquarters are in Hoboken, New Jersey. The company was also active
internationally, operating in the United Kingdom, France and Belgium. Users
could deposit a range of cryptocurrency digital assets, including Bitcoin and
Ethereum, into a Celsius wallet to earn a percentage yield, and could take out
loans by pledging their cryptocurrencies as security. As of May 2022, the
company had lent out $8 billion to its clients and had almost $12 billion in
assets under management.
The company gained attention when
they indefinitely paused all transfers and withdrawals due to extreme market
conditions. Celsius filed for Chapter 11 on July 13, 2022.
You can earn and borrow
Cryptocurrencies on the Celsius Network. If you have a Celsius account you can
earn interest on your coin.
Celsius
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