Celsius, the leading global cryptocurrency earning and borrowing platform, today announced the integration of Tezos, an energy-efficient and self-upgradable Proof of Stake blockchain, and its native token Tez (XTZ). Celsius, with over $28 billion in total assets, unlocks financial services for consumers worldwide through a compounding yield service and instant low-cost loans accessible via a web and mobile app.
The integration of Tezos into the Celsius network platform builds on a significant year of growth for the open-source Tezos ecosystem. Tezos, a pioneering Proof of Stake blockchain, has proven to be fast, secure, and energy-efficient and is the only blockchain network to successfully upgrade itself to increase efficiencies, adopt new features, and lower energy consumption. Deployments on Tezos are up 15,000% in 2021 and the network has eclipsed 50 million transactions.
Celsius is designed for unparalleled access to fair, rewarding financial services. Celsius allows individuals to unbank themselves with compounding yield on crypto, as well as fee-free purchases and transactions. In less than one year, Celsius has grown its total asset holdings from $1 billion to over $28 billion. This asset growth trajectory continues with Celsius confirming it is adding close to $1B a month in new assets, as the company trends towards the number one position in total asset holdings in the crypto industry.
The integration of the Tezos network into the Celsius platform was made possible by Tezos Israel, an adoption and innovation hub in the Tezos ecosystem.