Nexo Is Ready To “Rescue” Celsius

Cryptocurrency lender Celsius halted withdrawals and transfers, citing “extreme market conditions” and facing default. Faced with that situation, Nexo is offering to buy Celsius’s assets.

Nexo offers to buy Celsius’ assets

As reported on Coincu News, Celsius is on the verge of bankruptcy as the number of collateral assets is at very high risk of liquidation.

As a gesture of goodwill as well as an effort to help Celsius get out of “insolvency”, Nexo has offered to:

This offer will be valid until June 20, unless Cesius formally responds by accepting or rejecting it before the deadline.

DeFi expert at this platform said:

“Celsius has a good financial position and liquidity, they have enough capacity and have solid capital, so they have never raised capital from outside. However, over the past few months, they have been constantly struggling with major upheavals.”

Nexo is a mortgage lending platform that allows users to earn interest on their crypto investments. Interest rates vary by distribution method and coin, but users can earn APRs between 6% and 12%. Before making the above invitation, this platform had a few more tweets affirming the credibility of the project.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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