On 5 April’s press release, Celsius, the industry-leading cryptocurrency rewards-earning platform, announced that it had been selected as the winner of the “Best Cryptocurrency Wallet” award.
The fifth annual FinTech Breakthrough Awards program is managed by FinTech Breakthrough, an independent market intelligence organization, and a reward program. The company recognizes fintech innovators worldwide in a range of categories, including digital banking, personal finance, and lending in the global FinTech market today.
The FinTech Breakthrough Award program this year fascinated over 3,850 nominations from across the globe, putting Celsius at the forefront of the crypto industry. FinTech Breakthrough MD, James Johnson, said that Celsius provides people with better opportunities to gain financial freedom.
He added they are excited to recognize Celsius for their triumph and momentum in their operation, serving as a great example of breakthrough technology in the FinTech space.
Over 500,000 Believers
Alex Mashinsky, the CEO of Celsius, said the company’s novel approach to payments and lending has led to over 500,000 supporters ranging from blockchain support, high rewards, to financial freedom.
He added that they could not thank FinTech Breakthrough enough for recognizing their efforts. What’s more, he considered it a strong testament to the hard work and innovative thinking from the entire Celsius team.
Celsius generates yield on crypto through its powerful crypto-lending company and diversified deployment channels. According to a March audit, Celsius governs over $10 billion worth of digital assets available in over one hundred countries worldwide. The company’s native CEL token is graded 76th by market capitalization, with a total value of almost $4.2 billion. The token is presently valued at $6.00, having achieved 5.8% on the day.
Compounding Yield service
Celsius Network is coming off a stellar last year, with revenue, deposits, and users expanding impressively. Since last month the borrowing and lending platform had paid out $250 million in cryptocurrency rewards to depositors.
The company more than tripled its total assets in less than 100 days and doubled the number of users on the platform. Celsius also recently enabled its users to purchase cryptos in its app using Apple Pay, making cryptocurrency services available to various customers.
Celsius helps several consumers worldwide find the path towards financial independence via a compounding yield service and affordable loans accessible via a web and mobile app. Erected on the belief that financial services should only do what is in the community’s best interest, Celsius is a blockchain-based fee-free platform where membership provides access to curated financial services inaccessible via traditional financial institutions.