Celsius Network, a virtual asset lending platform, has been awarded “best cryptocurrency wallet” on the fifth-annual FinTech Breakthrough Awards — a every year match that acknowledges rising corporations on the intersection of finance and era.
James Johnson, managing director of FinTech Breakthrough, described Celsius as being on a “worthy mission” to supply folks with “better opportunities to gain financial freedom.” He persevered:
“We are thrilled to recognize Celsius for their success and momentum in this mission, serving as a true example of breakthrough technology in the FinTech space. We extend our sincere congratulations to the entire Celsius team for winning ‘Best Cryptocurrency Wallet’ for 2021.”
FinTech Breakthrough additionally known MoonPay for “best cryptocurrency purchasing site,” Bitstamp for “best cryptocurrency exchange” and IPC as “best cryptocurrency info source.”
The different award classes integrated management, shopper lending, trade lending, wealth control, private finance, bills, investments, shopper banking, and fiscal analysis and knowledge. The 2021 match attracted greater than 3,850 nominations international. Crypto’s inclusion along those conventional classes is a testomony to how briefly the marketplace has matured.
Celsius Network is coming off a stellar 2020, with deposits, earnings and customers rising dramatically. As of February, the borrowing and lending platform had paid out $250 million in cryptocurrency rewards to depositors. The platform has reportedly collected greater than 500,000 customers and manages over $10 billion price of virtual property.
Celsius’ local CEL token is ranked 76th by marketplace capitalization, with a complete worth of just about $4.2 billion. The token is at the moment valued at $6.00, having won 5.8% at the day.