Nexo offered to buy a Celsius loan portfolio

Nexo offered to buy a Celsius loan portfolio

Nexo cryptolending platform announced its readiness to buy a loan portfolio from its competitor – Celsius. The offer is valid until June 20.

All Nexo Products are Operating Normally – Borrow, Earn, Exchange, The Nexo Card.

As always – deposits and withdrawals are Processed Instantly so that all of you can make the Necessary Arrangements in This Latest Downturn in the Markets. one/

– Nexo (@nexo) June Arrest warrant 13, 2022

“As a sign of goodwill and in an attempt to support the ecosystem of digital assets in these difficult times, yesterday we turned to the Celsius team to offer our support, but we were refused. We firmly believe that a lot can be done to help customers Celsius, ”the report said.

Nexo emphasized that “they are in a reliable position with liquidity and their own capital” for the redemption of credit assets of a competitor.

On June 13, the Celsius cryptolending platform suspended the withdrawal of funds, exchange and transfers between accounts “due to extreme market conditions”. This happened against the background of the collapse of the cryptocurrency market – Bitcoin sank below $ 24,000, Ethereum reached marks near $ 1220.

CEL token collapsed from levels of about $ 0.475 to $ 0.09 in the moment. Currently, the asset is traded at the $ 0.2 mark. The fall over the past day amounted to 48.8%, according to Coingeco.

Recall that in May, the founder and CEO Celsius, Alex Mashinsky accused of falling the Shark with Wall Street of the cryptocurrency market falling.

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