The FinTech Breakthrough Awards recognize innovators in the emerging field of financial technology. Four awards were handed out in the cryptocurrency category.
Celsius Network, a digital asset lending platform, has been awarded “best cryptocurrency wallet” at the fifth annual FinTech Breakthrough Awards — a yearly event that recognizes emerging companies at the intersection of finance and technology.
James Johnson, managing director at FinTech Breakthrough, described Celsius as being on a “worthy mission” to provide people with “better opportunities to gain financial freedom.” He continued:
“We are thrilled to recognize Celsius for their success and momentum in this mission, serving as a true example of breakthrough technology in the FinTech space. We extend our sincere congratulations to the entire Celsius team for winning ‘Best Cryptocurrency Wallet' for 2021.”
FinTech Breakthrough also recognized MoonPay for “best cryptocurrency purchasing site,” Bitstamp for “best cryptocurrency exchange” and IPC as “best cryptocurrency info source.”
The other award categories included leadership, consumer lending, business lending, wealth management, personal finance, payments, investments, consumer banking and financial research and data. The 2021 event attracted more than 3,850 nominations worldwide. Crypto's inclusion alongside these traditional categories is a testament to how quickly the market has matured.
Celsius Network is coming off a stellar 2020, with deposits, revenue and users growing dramatically. As of February 2021, the borrowing and lending platform had paid out $250 million in cryptocurrency rewards to depositors. The platform has reportedly amassed more than 500,000 users and manages over $10 billion worth of digital assets.
Celsius’ native CEL token is ranked 76th by market capitalization with a total value of nearly $4.2 billion. The token is presently valued at $6.00, having gained 5.8% on the day.