The favored crypto spot and derivatives alternate, OKEx continues to champion the DeFi revolution by supporting a number of the main initiatives within the area. Celsius Community is the most recent to hitch the checklist after OKEx introduced help for the platform’s native CEL utility token.
The CEL token itemizing on OKEx is adopted by the launch of CEL/USDT spot buying and selling pair that went dwell on April 13, 2021. Celsius Community is a number one crypto borrowing and lending ecosystem that has gained vital traction prior to now couple of years. With greater than $10 billion price of crypto property underneath administration and yield payouts of over $250 million underneath its belt, Celsius Community is already listed on a number of the main exchanges together with OKEx – the biggest amongst all of them.
“We’re happy to assist foster the expansion of the crypto borrowing and lending ecosystem by including Celsius’s CEL token to the OKEx Change. We share the identical perception that cryptocurrencies can present monetary freedom to all individuals around the globe and imagine that because the trade grows, there may be room for each centralized and decentralized options. As one of many fastest-growing platforms within the area, Celsius additionally mirrors OKEx’s deep dedication to continued innovation. We stay up for rising with them,” mentioned Jay Hao, CEO of OKEx.
With CEL now out there on OKEx, customers cannot solely commerce one of many worthwhile crypto property but in addition purchase and maintain CEL to benefit from the advantages supplied by Celsius Community. These advantages embrace yields of as much as 25%, crypto loans at 25% decrease curiosity than normal charges and weekly rewards with an APY of 4.86%.
The CEO of Celsius Community, Alex Mashinsky mentioned, “It is a very thrilling day for CEL and the Celsius neighborhood. OKEx is main the world in crypto alternate, and this partnership means tens of millions extra prospects worldwide can now entry CEL and all of its monetary benefits. Celsius is dedicated to catalyzing financial and monetary independence for everybody, and partnering with buying and selling packages like OKEx are serving to to make that doable.”
Within the coming days, OKEx will develop the variety of supported CEL buying and selling pairs, additional rising the token’s accessibility.