Celsius Launches Cryptocurrency Backed Loans in California at 0% APR


HOBOKEN, New Jersey, August 16, 2021 / PRNewswire / – Celsius, the world’s leading cryptocurrency income and lending platform, today announced the opening of its retail lending services to clients of California. Earlier this month, Celsius received its financial lender license in California, allowing the company to expand its operations in the state and provide Californians with even more cutting-edge financial tools.

Currently, borrowers of California can apply for a Celsius loan issued in USD and stablecoins against 39 cryptocurrencies at 0% APR (25% LTV). With a minimum claim amount of only $ 500, Celsius is now one of the most accessible and affordable lenders California. Customers in California also have the option of receiving educational materials from Celsius through their credit education program offering.

This announcement is part of Celsius’ ongoing efforts to empower more people to access fair, transparent and low-cost financial services. Celsius allows its users to take out loans instantly, without proof of income or credit checks, giving them the security of having cash on hand, without selling their digital assets.

“Our California customers have been waiting for this day and we are delighted to now provide them with the best way to borrow against their crypto assets,” said Aliza Landes, vice president of loans at Celsius. “This is a significant milestone for Celsius as we continue to license and register in new jurisdictions and enable millions of new people to borrow better.”

CEO of Celsius Alex mashinsky added: “This is a special time for the Celsius community. California has one of the largest populations of crypto holders in the world and one of the largest economies in the world. We see this as a major opportunity to continue to grow our community and create more value for HODLers around the world. “

Eligible borrowers can apply for a loan directly through the Celsius mobile app. To learn more about Celsius loans, please visit: https://celsius.network/california-crypto-loans

Loans made or arranged under license under the California Financial Lenders Act. Celsius is licensed by the California Department of Financial Protection and Innovation under the California Finance Lender Law License No. 60DBO-133776. Celsius Loans will be issued by Celsius Lending LLC in accordance with this license.

About Celsius
Celsius helps hundreds of thousands of consumers around the world find the path to financial independence through a compound return service and low cost instant loans accessible via web and mobile app. Founded on the belief that financial services should only do what is in the best interests of customers and the community, Celsius is a free blockchain-based platform where membership provides access to organized financial services that are not available through traditional financial institutions. For more information, please visit www.celsius.network.

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SOURCE Celsius Network

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