Celsius Reaches $20B AUM With 1M Users
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24 August
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Celsius, a cryptocurrency earning and borrowing platform, has announced that the amount of assets under its management has crossed the $20 billion mark. According to a press release, the company had over $20,3 billion in cryptocurrencies as of August 13 and the growth from $1 billion to $20 billion occurred in less than a year.

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"At the start, we set a goal to bring the next 100 million people into crypto. Today, as we sit at over 950,000 users worldwide and over $20 billion in assets, we are well on our way," said Alex Mashinsky, CEO of Celsius.

Celsius Leaves UK Over Regulatory Uncertainty

Hence, Celsius became the first platform to break through the $20 billion assets barrier for any centralized (CeFi) and decentralized finance (DeFi) platforms. The announcement comes as Mashinsky earlier reiterated his forecast by saying that bitcoin (EXANTE: Bitcoin) still has a lot of potential to grow higher by the end of this year. According to him, the cryptocurrency is likely to hit between $140,000 and $160,000 by the end of 2021.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

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