The popular crypto spot and derivatives exchange, OKEx continues to champion the DeFi revolution by supporting some of the leading projects in the space. Celsius Network is the latest to join the list after OKEx announced support for the platform’s native CEL utility token.
The CEL token listing on OKEx is followed by the launch of CEL/USDT spot trading pair that went live on April 13, 2021. Celsius Network is a leading crypto borrowing and lending ecosystem that has gained significant traction in the past couple of years. With more than $10 billion worth of crypto assets under management and yield payouts of over $250 million under its belt, Celsius Network is already listed on some of the leading exchanges including OKEx – the largest among them all.
“We are pleased to help foster the growth of the crypto borrowing and lending ecosystem by adding Celsius’s CEL token to the OKEx Exchange. We share the same belief that cryptocurrencies can provide financial freedom to all people around the world and believe that as the industry grows, there is room for both centralized and decentralized solutions. As one of the fastest-growing platforms in the space, Celsius also mirrors OKEx’s deep commitment to continued innovation. We look forward to growing with them,” said Jay Hao, CEO of OKEx.
With CEL now available on OKEx, users can not only trade one of the valuable crypto assets but also buy and hold CEL to take advantage of the benefits offered by Celsius Network. These benefits include yields of up to 25%, crypto loans at 25% lower interest than standard rates and weekly rewards with an APY of 4.86%.
The CEO of Celsius Network, Alex Mashinsky said, “This is a very exciting day for CEL and the Celsius community. OKEx is leading the world in crypto exchange, and this partnership means millions more customers worldwide can now access CEL and all of its financial advantages. Celsius is committed to catalyzing economic and financial independence for everyone, and partnering with trading programs like OKEx are helping to make that possible.”
In the coming days, OKEx will expand the number of supported CEL trading pairs, further increasing the token’s accessibility.
