Celsius, one of the largest yield earning platforms in the crypto ecosystem, has announced the addition of BNB (Binance), BNT (bancor), and DOT (PolkaDot) tokens to its platforms which means that the users would be able to start earning yields on these tokens as well.
These tokens would be available on both the mobile as well as the web application of the platform. DOT and BNT are already available for the Celsius users while BNB would be added for all non-US users as of July 1, the company announced.
“Our teams have been working diligently to expand availability for these high-performing tokens for our customers,” said Alex Mashinksy, CEO of Celsius. “HODLers can now earn weekly rewards on over 40 coins through the Celsius mobile and web app, and we’ll continue to add cryptocurrencies that support our goal to bring the next 100 million people into the future of finance.”
The platform has over 40 cryptos in which the users would be able to deposit and start earning yields. The company has been on an aggressive growth path over the last few months as it had invested around $200 million in bitcoin mining recently. It has also been signing up athletes as sponsors as it looks to project the crypto assets as an alternative to traditional assets. Currently, such yield-earning platforms have good traction as those who hold cryptos for long periods would like to store them on yield-earning platforms like Celsius and start earning yields on them.
Most of the cryptos nowadays give better yields annually than any of the traditional investment platforms and this has led to a surge in the demand for the yield-earning platforms. For such platforms, they aim to project themselves as an alternative to banks that give minuscule interest for the fiat stored with them. But such crypto yield earning platforms give a better return and this, coupled with the increase in awareness of the crypto ecosystem would go a long way in helping push new users into the crypto world and help to grow the ecosystem as a whole.
This is what platforms like Celsius are hoping to achieve by their far-reaching efforts.