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Nexo Proposes Celsius Buyout as Rival Lending Platform Halts Withdrawals

Celsius said it also paused its swap and transfer products and did not provide a timeline for resuming withdrawals.

Updated May 11, 2023, 6:54 p.m. Published Jun 13, 2022, 7:53 a.m.
Nexo said it was particularly interested in acquiring Celsius’ collateralized loan portfolio. (Sharon McCutcheon/Unsplash)
Nexo said it was particularly interested in acquiring Celsius’ collateralized loan portfolio. (Sharon McCutcheon/Unsplash)