How can Celsius use customer funds to pay for digital assets?

3 answers

• Andhika MuldaniJun 08, 2024 · a year ago
  Celsius uses customer funds to pay for digital assets through their lending platform. When customers deposit their funds into Celsius, they can choose to lend them out to other users in exchange for interest. Celsius then uses these funds to provide loans to borrowers, who use digital assets as collateral. This allows Celsius to generate revenue and pay interest to the lenders using the interest earned from the borrowers. It's a win-win situation for both lenders and borrowers, as lenders earn interest on their funds while borrowers can access liquidity without selling their digital assets.
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• JC1000Dec 05, 2021 · 4 years ago
  Celsius is able to use customer funds to pay for digital assets by offering a variety of financial services. One of their main services is lending, where customers can deposit their digital assets and earn interest. Celsius then lends out these assets to borrowers who need liquidity, and the interest earned from the borrowers is used to pay interest to the lenders. This allows Celsius to generate revenue and provide a seamless borrowing and lending experience for their customers.
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• SybilRamkinDec 30, 2021 · 4 years ago
  Celsius, like other lending platforms, uses customer funds to pay for digital assets by facilitating peer-to-peer lending. When customers deposit their funds into Celsius, they are essentially lending them to other users who need liquidity. Celsius acts as an intermediary, matching lenders with borrowers and ensuring the smooth transfer of funds. The interest earned from the borrowers is then distributed to the lenders, allowing Celsius to use customer funds to pay for digital assets while providing a secure and efficient lending platform.
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