Business Idea
competitors.comparison.backToList
Celsius Network logo

Celsius Network

Tier 1
Finance
fintech
https://celsius.network

Celsius Network is a global cryptocurrency lending and borrowing platform, providing financial services for digital assets.

Founded in 2017, Celsius Network offers a blockchain-based platform for earning, borrowing, and paying in cryptocurrency. Users can deposit their digital assets to earn interest, borrow against crypto holdings, and make instant payments. The company has become a significant player in the decentralized finance (DeFi) sector, promoting financial inclusion and providing alternatives to traditional banking.

competitors.competitorDetail.metrics.missionStatement

To put unparalleled economic freedom in the hands of the people through blockchain technology.

competitors.competitorDetail.metrics.visionStatement

To become the world’s leading provider of fair, transparent, and rewarding financial services powered by crypto.

competitors.competitorDetail.overview

competitors.competitorDetail.metrics.foundedYear

2017

competitors.competitorDetail.metrics.ceo

Alex Mashinsky

competitors.competitorDetail.metrics.employees

200-500

competitors.competitorDetail.metrics.revenue

$200M+ (2021 reported)

competitors.competitorDetail.metrics.headquarters

221 River Street, 9th Floor, Hoboken, NJ 07030, USA

competitors.competitorDetail.metrics.marketShare

Significant share of global crypto lending space (exact % varies)

competitors.competitorDetail.metrics.usp

Highest rates rewarded directly to users with no hidden fees and a strong focus on community transparency.

competitors.competitorDetail.metrics.pricingModel

Interest margin (spreads between earned/lending APY), no direct fees on most transactions

competitors.competitorDetail.metrics.productLines
  • Earn (crypto savings)
  • Borrow (crypto loans)
  • Pay (peer-to-peer transfers)
  • CelPay (crypto payments)
competitors.competitorDetail.metrics.technologyStack
  • Ethereum
  • Polygon
  • AWS
  • Node.js
  • React
  • Fireblocks (custody & security)

competitors.competitorDetail.metrics.marketPositioning

Premium DeFi alternative to traditional banks, offering higher rewards and greater user autonomy.

competitors.competitorDetail.metrics.keyCustomerSegments
  • Crypto yield seekers
  • DeFi enthusiasts
  • Long-term bitcoin and altcoin holders
competitors.competitorDetail.metrics.distributionChannels
  • Direct mobile app downloads
  • Online web platform
  • Crypto community partnerships
  • Affiliate programs
competitors.competitorDetail.metrics.marketingStrategies
  • Content marketing (blogs, podcasts, webinars)
  • Social media campaigns
  • Community AMAs and events
  • Influencer and affiliate partnerships
  • Industry sponsorships
competitors.competitorDetail.metrics.keyPartnerships
  • Fireblocks (Custody & security)
  • Chainlink (Blockchain decentralized oracle)

  • Crypto-backed loans
  • High-APY savings accounts
  • Peer-to-peer payments
  • Zero-fee transactions
  • In-app wallet management

competitors.competitorDetail.metrics.strengths
  • High-yield interest on crypto deposits
  • No minimum balance requirements
  • Transparent fee structure
  • Global accessibility
competitors.competitorDetail.metrics.weaknesses
  • Exposed to crypto market volatility
  • Regulatory uncertainties in some countries
  • Limited traditional fiat services
competitors.competitorDetail.metrics.opportunities
  • Expansion into traditional finance markets
  • Partnerships with other fintech providers
  • Growth of DeFi and cryptocurrency adoption
competitors.competitorDetail.metrics.threats
  • Regulatory crackdowns on crypto lending
  • Increasing competition from other DeFi platforms
  • Volatile market risk impacting asset value
competitors.competitorDetail.financials

competitors.competitorDetail.metrics.growthRateYOY

80%+ (2020-2021 asset growth reported)

competitors.competitorDetail.metrics.profitMargin

Private company, not publicly disclosed as of 2022

competitors.competitorDetail.metrics.customerAcquisitionCost

$120 - $200 per customer (estimated for crypto retail)

competitors.competitorDetail.metrics.customerLifetimeValue

$1500+

competitors.competitorDetail.metrics.churnRate

Varies (industry average around 5-8% monthly for crypto apps)

competitors.competitorDetail.metrics.fundingRounds
competitors.competitorDetail.metrics.fundingStagecompetitors.competitorDetail.metrics.fundingAmountcompetitors.competitorDetail.metrics.fundingDate
Series A$50M2021-09-21
competitors.competitorDetail.metrics.companyCultureHighlights
  • Empowering financial inclusion
  • Remote-friendly and diverse workforce
  • Pro-crypto ethos
  • Focus on transparency and user trust
competitors.competitorDetail.metrics.awardsAndRecognition
  • Best Cryptocurrency Wallet (2021) - FinTech Breakthrough Awards
competitors.competitorDetail.metrics.customerReviewsSummary
competitors.competitorDetail.reviews.titlecompetitors.competitorDetail.reviews.ratingcompetitors.competitorDetail.reviews.viewAll
Trustpilot 4.2/57000
Google Play 4.4/540000
competitors.competitorDetail.metrics.recentNews
competitors.competitorDetail.news.titlecompetitors.competitorDetail.news.publishedOncompetitors.competitorDetail.news.readMore
Celsius Network Launches Borrowing Services in More Countries2023-08-10CoinDesk
Celsius Announces Partnership with Chainlink for Smart Contract Auditing2023-05-26CryptoSlate
competitors.competitorDetail.metrics.socialMedia