Celsius Network onboards over 100 insitutional clients

Celsius Network (https://celsius.network/),  cryptocurrency platform announced that it has onboarded over 100 institutional clients. In order to use Celsius services, institutions must complete a rigorous KYC and AML application and evaluation process. Institutions represent the demand side of the Celsius marketplace with over 50,000 retail HODLers balancing out the supply side. The Celsius Blockchain based platform operates unlike many other traditional B2B lending marketplaces in which institutions typically represent the supply side with retail borrowers the demand side.

This announcement speaks to Celsius Network’s broader mission of becoming the Dapp that sparks the mass adoption of the Blockchain by helping to bring the next 100 million people into the crypto industry and distributing 80% of profits back to its depositor community.. In addition to the fast growth in the institutional realm, Celsius has also shown notable growth for its retail services.

● Over $2.2 billion in coin loans originated since July 2018

● Over $375 million AUM passed in customer deposits and collateral under management