The favored crypto spot and derivatives alternate, OKEx continues to champion the DeFi revolution by supporting a number of the main initiatives within the house. Celsius Community is the newest to hitch the record after OKEx introduced assist 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 stay 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 belongings below administration and yield payouts of over $250 million below 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 Alternate. We share the identical perception that cryptocurrencies can present monetary freedom to all folks world wide and imagine that because the business grows, there may be room for each centralized and decentralized options. As one of many fastest-growing platforms within the house, Celsius additionally mirrors OKEx’s deep dedication to continued innovation. We sit up for rising with them,” stated Jay Hao, CEO of OKEx.
With CEL now accessible on OKEx, customers can’t solely commerce one of many useful crypto belongings but additionally purchase and maintain CEL to make the most of the advantages provided by Celsius Community. These advantages embrace yields of as much as 25%, crypto loans at 25% decrease curiosity than customary charges and weekly rewards with an APY of 4.86%.
The CEO of Celsius Community, Alex Mashinsky stated, “It is a very thrilling day for CEL and the Celsius neighborhood. OKEx is main the world in crypto alternate, and this partnership means hundreds of thousands extra clients 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 applications like OKEx are serving to to make that potential.”
Within the coming days, OKEx will increase the variety of supported CEL buying and selling pairs, additional growing the token’s accessibility.