Celsius is an all-in-one financial services platform for cryptocurrency users, launched in 2018. It allows users to earn rewards on their deposited crypto, access crypto-backed loans, and make wallet-style payments. The platform’s native token, CEL, plays a key role in boosting user rewards and enabling various in-app functions.
In the last 24 hours, CEL has surged by %+60.81, making it one of the strongest gainers of the day.
The sharp price increase may be linked to Celsius reaching a $299.5 million settlement with Tether, effectively ending one of the largest legal disputes in its bankruptcy process. The resolution could have boosted investor sentiment and contributed to CEL’s rise.
