Celsius (CEL) Celsius is a blockchain-based marketplace platf | Crypto Great | Bitcoin | DeFi

Celsius (CEL)

Celsius is a blockchain-based marketplace platform where users in over 40 countries can access DeFi services that aren’t available through traditional finance. Celsius specializes in lending, borrowing, and earning rewards on your crypto.

Celsius strives to be an all-in-one platform for everything that DeFi offers, and the next important feature scheduled to release is crypto swaps.

Last month, Celsius announced it’s giving users a chance to access its Swap feature early. Users can sign up to be a part of the beta launch and be among the first to use the new feature and report any feedback that can improve the service.

Users will also be able to swap any crypto on the platform with zero fees. Swap fees on Coinbase can consist of either a flat fee or a percentage of your transaction as high as 3.99%.

Additionally, Celsius offers up to 17% APY on crypto, and with just $200 required in crypto borrow funds, which now includes stable coins, at 1% APR. Something you will not find on competitors like Coinbase or Binance.

To get the platform prepared for mass adoption, Celsius recently acquired a high-security custodian by purchasing Israeli-based company GK8 for $115 million.

GK8 is a blockchain-focused cybersecurity company that offers financial institutions a platform for safely managing blockchainbased assets on their own. The firm provides a cold storage vault to reduce the potential of cyber attacks. GK8 is so confident in its products that it encourages hackers to attempt to hack the cold wallet and will reward $250,000 worth of Btc to anyone who succeeds.

With all the features of DeFi, and the security of CeFi, Celsius is ready to tackle the mass adoption that is undeniably on its way to the entire crypto space.