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What was Celsius Network LLC?

Celsius was a cryptocurrency lending company headquartered in Hoboken, New Jersey. In July 2022, the company filed for Chapter 11 bankruptcy. Celsius allowed users to deposit various cryptocurrencies into a wallet, earn interest, and take out loans using their cryptocurrencies as collateral.

Key Features

  • Secure Cryptocurrency Lending
  • Interest Payments in CEL Token
  • Global Operation with Offices in Multiple Countries
  • Support for Major Cryptocurrencies like Bitcoin and Ethereum

Use Cases

  • Earn Interest on Deposited Cryptocurrencies
  • Borrow Using Cryptocurrencies as Collateral
  • Participate in Token Sales and Trading
Visit their official website to learn more:
Accounting Features Supported for
Unrealized G/L & Impairment Calculation
Reconciliation & Sanity Checks
DeFi Protocols
NFTs Valuation
Automated Rule Categorization
Integration to ERPs, QBO, Xero, Netsuite, etc.

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