Reintroducing CEL Utility for US Customers!

Celsius Network
Aug 8 · 3 min read

Celsius Network is thrilled to announce that CEL token utility is once again available to US members — plus, ALL users are officially able to pay off loan interest payments in CEL tokens!

After reviewing new legal guidance this past June, Celsius Network made the proactive decision to temporarily pause CEL utility for US customers allowing US members to continue earning in crypto until clearer regulatory guidelines were made available. This action was taken by the company voluntarily and in the best interest of the Celsius community and was not in response to any actions or demands from any US or international regulator.

Pay Loan Interest In CEL

All new and existing CEL token holders are officially able to pay loan interest in CEL tokens! We know this has been a highly-anticipated feature of CEL utility, and we are excited to finally have this option available to our community of borrowers! Plan ahead and find the terms that work best for you with our loan calculator available in the Celsius app or on our website.

Increased Loyalty Bonuses

Bonus rewards for CEL holders are based on the ratio of CEL tokens relative to the other tokens held and are divided into three tiers: Silver, Gold, and Platinum. We’ve recently upgraded our loyalty structure to offer even greater interest income bonuses and loan interest discounts for CEL HODLers! If 10% or more of your total wallet balance is in CEL tokens, you’re eligible to earn up to 10.53% annually on your crypto!

About CEL

CEL is an in-app utility token providing membership to Celsius Network’s exclusive suite of financial services for crypto holders. A minimum balance of one CEL token is required to be eligible for increased interest income rates, lower interest rates on crypto-backed loans, premium service and support, and exclusive offers from the Celsius community.

CEL tokens can be purchased on Liquid and IDEX subject to their Terms and Conditions.

**Due to local laws and regulations, some Celsius services including CEL utility are unavailable in certain regions. For more information, please visit https://celsius.network


About Celsius Network

Celsius Network is a democratized interest income and lending platform accessible via a mobile app. Built on the belief that financial services should only do what is in the best interests of the community, Celsius is a modern platform where membership provides access to curated financial services that are not available through traditional financial institutions. Crypto holders can earn interest by transferring their coins to their Celsius Wallet and borrow USD against their crypto collateral at interest rates as low as 4.95% APR.

Download the Celsius Network app and start earning interest on your crypto today ➡️ celsiusnetwork.app.link

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Celsius Network

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A new way to earn, borrow, and pay on the blockchain.

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