Does Celsius Network need more time to stabilize liquidity?

Troubled Crypto Lender Celsius Seeks Time to Stabilize Liquidity Celsius Network Ltd. will need more time to stabilize its liquidity and operations, the embattled crypto lending platform said in a blog post after it froze deposits last week.

Why is Celsius struggling to raise funds?

Celsius, one of the biggest crypto lenders, has been struggling to raise funds in a fragile digital-assets market hit by tightening interest rates, liquidity and the collapse of the Terra blockchain last month.

What's happened to Celsius Network?

(Bloomberg) -- Celsius Network Ltd. will need more time to stabilize its liquidity and operations, the embattled crypto lending platform said in a blog post after it froze deposits last week.

What is Celsius & how does it work?

Similar to a bank, Celsius gathers crypto deposits from retail customers and invests them in the equivalent of the wholesale crypto market, including "decentralized finance" or DeFi sites that use blockchain technology to offer services from loans to insurance outside the traditional financial sector. read more