The deal will allow the company to expand its range of services

​Celsius Network platform has acquired GK8 custodial service

06.11.2021 - 07:00

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1 min

What's new? Celsius Network, a cryptocurrency lending platform, has announced the acquisition of the GK8 startup. The service provides custodial services for institutions. The acquisition amounted to $115 million.

News on the Celsius Network website

What is the main acquisition’s purpose? After the deal is completed, Celsius Network will be able to significantly expand the range of services provided to its customers. The list of new services will include a cryptocurrency cold storage platform that supports stacking and decentralized applications.

In October, Celsius Network conducted a successful funding round and raised $400 million from large funds. The company is currently valued at $3 billion.

Author:

Michael Golikov Michael Golikov

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