Crypto lending company Celsius launch new custody solution for users in US
04/12 15:27
Crypto lending company Celsius announced that launch a new custody solution for users in the United States. All coins transferred to Celsius by users in the United States prior to April 15, 2022, will continue to earn rewards. Those existing coins will continue to earn rewards for as long as they remain in their Earn accounts. New transfers made by non-accredited investors in the United States will be held in their new Custody accounts and will not earn rewards. Non-accredited investors can continue to swap, borrow, and transfer within their Custody accounts based on their local jurisdiction. For users in the United States, all coins posted as collateral against a loan that is opened prior to April 15, 2022, will be returned to their Earn accounts when the loan is repaid. Those coins will resume earning rewards for as long as they remain in their Earn accounts. Verified accredited investors in the United States will be able to add new coins into their Earn accounts, where they will continue to earn rewards. Users located outside of the United States will be unaffected by these changes.
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