Celsius Network has announced its partnership with Bitcoin.com, allowing users to now purchase leading cryptocurrencies on the Celsius platform. These include Ether (ETH), Bitcoin (BTC) and Bitcoin Cash (BCH).
The partnership will improve Celsius users’ access to financial services using Bitcoin.com’s advanced trading technology. Celsius integrated Bitcoin.com into its app to capitalise on the platform’s low fees, speed and established accessibility to cryptocurrency.
The CEO of Bitcoin.com stated:
“We are very excited about enabling Celsius users to purchase BCH and BTC in the Celsius app with the Bitcoin.com tech and infrastructure”
Celsius Network is a cryptocurrency-based lending and borrowing platform. Celsius members are able to earn interest on crypto assets which goes up to 10.53% APR. They can also use their tokens as collateral to get fiat loans in US Dollars at rates such as 5%. The loans do not have fees, penalties, caps or minimums. On the other hand, Bitcoin.com is a Bitcoin news and trading platform. Its trading services allow users to buy crypto assets using debit or credit cards, in fee-less transactions.
The announcement indicated that the two firms have plans to collaborate further in the future:
“Allowing our community to access Bitcoin.com’s platform through the Celsius app is a major step toward simplifying the cryptocurrency onboarding process and undoubtedly will help bring the next 100 million people into cryptocurrency. We look forward to cultivating our partnership with Bitcoin.com to provide even greater rewards for our communities,”
– Alex Mashinsky, CEO of Celsius Network.