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Celsius (CEL) is the 132nd largest cryptocurrency in the world by market cap, valued at $402,212,648. The current price of Celsius is $0.5806, which is -4.001% lower than yesterday. Prices have ranged between $0.644706 and $0.599493 over the past 24 hours. All prices are listed in US dollars and accurate as of February 01, 2023 01:02 UTC.
Celsius is a cryptocurrency lending platform that allows users to earn interest on their cryptocurrency holdings, or borrow fiat money like dollars or stablecoins by depositing their crypto as collateral. By using cryptocurrency as collateral, users are able to access cash without the need to sell their coins.
The CEL token is used for a range of features on the platform, as well as the ability to earn it in return for lending. Lenders are also entitled to a higher rate of interest depending on the amount of CEL they hold in their wallet, while borrowers can also get a discount on their repayments by holding CEL tokens.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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