Celsius Network, which enables cryptocurrency holders to earn passive income, is led by WestCap and CDPQ in its announcement on Tuesday. 400 million dollars announced its investment.
Investment by WestCap and Caisse de dépôt et placement du Québec has added to the value of Celsius Network, which has more than 1 million users. over $3 billion took it out.
Celsius employs approximately 486 employees of the funding it receives. to 1,000 people out and especially institutional level use it to develop new products.
Alex Mashinsky, CEO of Celsius Network, “The partnership with WestCap and CDPQ brings Celsius; It is well-positioned to advance the task of decentralizing traditional finance using blockchain technology.” said.
The securities authority in Kentucky provides its customers with certain rates in return for the crypto money they deposit in their time accounts opened on the platform. interest yield Last month, it ordered the company to cease operations, arguing that Celsius Network, which provides the company, violated local securities laws.
Local authorities in the states of Texas, Alabama and New Jersey have taken action against Celsius for similar reasons.
Total value of assets held on Celsius Network’s platform as of October 25 billion dollars has exceeded.