Crypto Platform Celsius Network Now Offers 6.2% APY For BTC Rewards

Crypto interest income platform Celsius Network has announced that customers can now earn 6.2% APY on their first 5 BTC held in the Celsius wallet.

Celsius Network is a blockchain-based marketplace platform where membership provides access to curated financial services that are not available through traditional financial institutions. The company has seen rapid growth since its launch in July 2018. The firm reportedly manages over $1 billion in crypto assets for over 150,000 users worldwide, over 60% of which is held in bitcoin. In addition to its holdings, Celsius claimed to have distributed more BTC rewards to its users than all other crypto lending companies combined.

In a press release, Celsius said that its customers can now earn the industry’s highest rate for BTC rewards by holding their assets in the Celsius wallet.

“Customers based in the US can take advantage of this in-kind rate and earn 6.2% BTC on BTC on their first five bitcoins,” the company said. “International users have the option to earn the same rate on their first BTC paid out in CEL tokens.

Alex Mashinsky, CEO of Celsius Network, said that their goal has always been to give their customers as much value as possible.

“Now all Celsius customers can access the industry’s highest rate for BTC and the industry’s lowest rates to borrow dollars on the Celsius platform with no minimums, no lockups, and no fees, this is the definition of doing well after you do good.” said Mashinsky.