Celsius Network platform has acquired GK8 custodial service
The deal will allow the company to expand its range of services
06.11.2021 - 07:00
780
1 min
0
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.
Useful material?
Telegram 
Twitter Incidents
The Commission actively began winding down proceedings against crypto firms after a change in leadership in January
Mar 26, 2025
Market
The feature is available for selected clients
Mar 24, 2025
Incidents
He turned out to be a British citizen who had previously been convicted of fraud
Mar 21, 2025
Market
Transactions related to the new platform may also be blocked due to sanctions evasion
Mar 20, 2025
Market
To pass, the document must receive majority support in the House of Representatives and 60 votes in the Senate
Mar 14, 2025
Market
The update will gradually become available to users in March and April
Mar 13, 2025
Cryptocurrency rates
-
Bitcoin
$87 376
BTC
-0.9%
-
Ethereum
$2 026.76
ETH
-2.03%
-
Ripple
$2.36
XRP
-4.13%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Dogecoin
$0.196128
DOGE
-2.2%
-
Cardano
$0.738223
ADA
-3.82%
-
Stellar XLM
$0.291835
XLM
-3.06%
-
Litecoin
$94.14
LTC
-1.6%
-
Polkadot
$4.68
DOT
-0.91%
-
Bitcoin Cash
$336.52
BCH
-0.42%