Crypto lending firm Celsius saw over 2,000% growth in deposits, but concerns surround the concentration risk of where deposits go - The Block

By theblockcrypto.com on August 26, 2019

Celsius Network, a cryptocurrency lending company, has seen 2,165% growth in deposits over the past year, although the mechanism that allows these deposits to generate interest is clouded by uncertainties. According to Celsius CEO Alex Mashinsky, the firm has processed over 160,000 lending transactions and accumulated around $345 million assets under management since it opened …

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