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What can you do with Celsius Network?
Store/Hold Celsius Network
Many users hold on to their Celsius Network with the expectation of it increasing in value. You can store your CEL safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Celsius Network
You can trade Celsius Network for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Celsius Network trading to meet your needs.
Send Celsius Network
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Celsius Network online and send to anyone and anywhere with their Celsius Network address.
Spend Celsius Network
You can also buy goods and services with your Celsius Network. More and more vendors and retailers accept Celsius Network every day.
Donate Celsius Network
Bitget Charity accepts Celsius Network donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Celsius Network so no one misses out on the growth made possible by blockchain.
Learn More About Celsius Network
You can read more in-depth articles on Celsius Network from Bitget Research and study how cryptocurrencies like Celsius Network work on Bitget Academy
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What is Celsius Network (CEL)?
Celsius Network is a regulated crypto lending firm headquartered in the US. It allows crypto users to deposit different digital assets into the protocol to earn high returns or to take out loans.
The network was created by Alex Mashinsky, Daniel Leon, and Nuke Goldstein in 2017. Then in 2018, they had a very successful ICO for the native token CEL, raising $50 million. The company experienced exponential growth afterwards, managing approximately $12 billion in assets and becoming one of the most notable names in the market. However, the firm had multiple controversies over the years, and finally filed for bankruptcy in 2022 due to “poor asset deployment decisions”. The company is currently going through restructuring as a part of the bankruptcy process.
How Celsius Network (CEL) Works
Cesius operated in a manner that is somewhat similar to a traditional bank. People can deposit their crypto assets into Celsius to earn interests, and borrow money to trade or to take out a loan. Celsius offers financial services for both individuals and businesses.
How Many Celsius Network (CEL) Tokens Are in Circulation?
The total supply of CEL is 695,658,160, and the circulating supply is 238,863,520.
How to Buy Celsius Network (CEL)
Consider investing in Celsius Network (CEL)? It only takes 2 minutes to create an account on Bitget and start trading CEL.
Check out the available CE L trading pairs on Bitget!
Spot market
Celsius Network (CEL) Resources
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