Anyone can learn more about the Celsius business model through our weekly blog updates, which often provide clear and detailed explanations about the different components of Celsius Network. We have also recently published our public wallet address that breaks down our weekly CEL token transactions from exchanges to interest income distribution. This also allows anyone to calculate how many CEL tokens were purchased, at what price they were bought, and how many such CEL tokens are being withdrawn vs. HODLed by the CEL community. Currently, over 94% of CEL token holders have maintained or grown their CEL balance, which is another great way to gage the trust and retention inside the Celsius community.

And although these resources don’t yet provide 100% transparency, we are proud to offer the best tools in the industry — and far better than any tools a bank is able to provide — for anyone to get a behind-the-scenes look of our operations.

In our continued commitment to transparency, we reached out to our friends at BitGo — the official custodian for Celsius Network. BitGo is recognized as one of the most secure and trustworthy crypto custodians and has proved to be an essential part of building trust with our customers. Mike Belshe, the CEO of BitGo, was happy to provide us with an official response to present to our community which helps validate and confirm many of the numbers and statistics we celebrate each day at Celsius.

“By leveraging BitGo’s enterprise multi-sig solution, Celsius Network has transacted over $1.1 B of assets within the last 12 months. We are proud to be working with one of the leading digital asset companies in the space.”

Celsius recently issued a press release celebrating its record $2.2B in loans half of which were done on exchanges which do not go through Bitgo.

As we continue to grow and reach new milestones, we aim to provide even greater transparency into all aspects of our operations. You can send us your suggestions and comments to app@celsius.network, and stay up-to-date on all the latest Celsius Network happenings by following us on Twitter, liking us on Facebook, and subscribing to our weekly newsletter updates.