Company Information

Get to know Celsius Network

Founded in 2017 by Alex Mashinsky and Daniel Leon, Celsius Network operated as a crypto lending platform under the slogan "Unbank Yourself." Its core business involved allowing users to deposit various cryptocurrencies and earn high-yield interest, or take out loans using their crypto as collateral. The company generated revenue by lending these assets to institutional and retail borrowers at higher rates. At its peak, it managed billions of dollars in user assets. However, following extreme market volatility and a "run on the bank," Celsius froze customer withdrawals in June 2022 and subsequently filed for Chapter 11 bankruptcy in July 2022, revealing a significant deficit in its balance sheet. The company has since ceased all original operations as part of its restructuring plan.

Industry

Financial InvestmentPRIMARY
Crypto Cryptocurrency
Financial Other Service

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Celsius Network

United Kingdom

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Markets.com

(327 reviews)

United States

2008

(18 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.