This crypto exchange garners double-digit growth in a single day. Read here7 min read . Updated: 15 Jul 2022, 10:22 PM IST
- As of July 13, 2022, Celsius's liabilities are around $5.5 billion, and assets are valued at around $4.31 billion. Thereby, the company has a deficit of $1.19 billion on its balance sheet. But Celsius has also announced that they have ample liquidity with $167 million in cash to support operations.
From IPO dream to Bankruptcy! Crypto exchange Celsius empire has a bittersweet tale. The exchange is one of the domino that is currently struggling with illiquidity due to the deep depression of crypto markets. This week, Celsius has shocked the market by voluntarily opting for bankruptcy. However, on Friday, investors cheered the move by tapping Celsius and holding position in the token. Celsius has gained by more than 30% in a single day. Its the promise of recovery from the fatal crash of crypto markets, that has fuelled investors' hope in the exchange. Currently, Celsius sits on a deficit of $1.19 billion on the balance sheet.
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