{"id":329677,"date":"2021-08-24T18:00:00","date_gmt":"2021-08-24T15:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/celsius-becomes-first-cefi-or-defi-platform-to-cross-20b-aum\/"},"modified":"2021-08-24T18:00:00","modified_gmt":"2021-08-24T15:00:00","slug":"celsius-becomes-first-cefi-or-defi-platform-to-cross-20b-aum","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/celsius-becomes-first-cefi-or-defi-platform-to-cross-20b-aum\/","title":{"rendered":"# Celsius becomes first CeFi or DeFi platform to cross $20B AUM"},"content":{"rendered":"<p>&#8220;<strong># Celsius becomes first CeFi or DeFi platform to cross $20B AUM <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvODc3MzYyYjEtNjMzNi00NDI4LTk4ZWQtOTgwODZiNDc3Yzg3LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Crypto lending platform Celsius Network has reported it holds more than $20 billion in digital assets, making the company one of the largest in decentralized finance.<\/p>\n<p>In a Tuesday announcement, Celsius said its holdings had grown more than 1,900% in less than a year, from $1 billion in June 2020 to $20.3 billion as of Aug. 13. The company conducted an internal audit using <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> provided by analytics firm Chainalysis, also determining it was adding roughly $1 billion in new digital assets monthly.<\/p>\n<p>According to Celsius CEO Alex Mashinsky, the platform\u2019s growth could be attributed to its \u201clow-cost lending and high-interest yield on 43 cryptocurrencies\u201d as well as its community-centric model. The Celsius website shows the platform currently has more than 962,000 users, or roughly 1% of its goal \u201cto bring the next 100 million people into crypto.\u201d<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>The adventures of the inventive Alex Mashinsky<\/em><\/strong><\/p>\n<p>In March, research from Alpha Sigma Capital \u2014 also an investor in Celsius \u2014 suggested that the platform would reach $30 billion in assets under management by the end of 2025. Though the decentralized finance, or DeFi, space has been disrupted with its largest-ever attack through an exploit in the Poly Network this month, Celsius has paid out $468 million in crypto rewards to depositors in the last year.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/celsius-becomes-first-cefi-or-defi-platform-to-cross-20b-aum\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Celsius becomes first CeFi or DeFi platform to cross $20B AUM &#8221; Crypto lending platform Celsius Network has reported it holds more than $20 billion in digital assets, making the company one of the largest in decentralized finance. In a Tuesday announcement, Celsius said its holdings had grown more than 1,900% in less than&#8230;<\/p>\n","protected":false},"author":1,"featured_media":329678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvODc3MzYyYjEtNjMzNi00NDI4LTk4ZWQtOTgwODZiNDc3Yzg3LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74868,76582,117],"class_list":["post-329677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-defi","tag-digital-asset-management","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/329677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=329677"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/329677\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/329678"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=329677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=329677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=329677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}