Cryptocurrency lending and borrowing platform Celsius Network has topped $300 million in coin deposits in the course of 12 months and completed over $2 billion in coin loan origination, according to a press release published on Aug. 1.
Since July 2018, when the Celsius started lending operations, it has originated more than $2.2 billion worth of coin loans and surpassed $300 million AUM in customer deposits and collateral from loans under management. In total, Celsius has completed over 160,000 coin loans trades and distributed over $3 million in interest payments.