{"id":62825,"date":"2022-06-13T14:04:52","date_gmt":"2022-06-13T11:04:52","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=62825"},"modified":"2025-09-05T20:17:36","modified_gmt":"2025-09-05T17:17:36","slug":"nexo-proposes-to-acquire-celsiuss-loan-portfolio","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/nexo-proposes-to-acquire-celsiuss-loan-portfolio\/","title":{"rendered":"Nexo proposes to acquire Celsius&#8217;s loan portfolio"},"content":{"rendered":"<p>The crypto-lending platform Nexo said it is prepared to acquire Celsius&#8217;s loan portfolio from its rival. The offer runs until June 20.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">All Nexo products are operating normally \u2013 Borrow, Earn, Exchange, the Nexo Card.<\/p>\n<p>As always \u2013 deposits and withdrawals are processed instantly so that all of you can make the necessary arrangements in this latest downturn in the markets. 1\/<\/p>\n<p>\u2014 Nexo (@Nexo) <a href=\\\"https:\/\/twitter.com\/Nexo\/status\/1536217850591035392?ref_src=twsrc%5Etfw\\\">June 13, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cAs a gesture of goodwill and in an effort to support the digital assets ecosystem in these difficult times, we reached out to the Celsius team yesterday to offer our support, but they declined. We firmly believe there is much that can be done to help Celsius&#8217; customers,\u201d the statement said.<\/p>\n<\/blockquote>\n<p>Nexo stressed that it is in a strong position with liquidity and capital to acquire the rival&#8217;s loan assets.<\/p>\n<p>On June 13, the Celsius crypto-lending platform <a href=\"https:\/\/u1f987.com\/en\/news\/celsius-token-plunges-50-amid-withdrawal-suspension\">halted withdrawals, exchanges and transfers<\/a> between accounts &#8216;due to extreme market conditions&#8217;. This came amid <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-tumbles-below-23000\">a collapse in the cryptocurrency market<\/a> \u2014 Bitcoin fell below $24,000, Ethereum traded near $1,220.<\/p>\n<p>The CEL token plunged from around $0.475 to as low as $0.09. It is currently trading around $0.20. The drop over the last 24 hours was 48.8%, according to <a href=\\\"https:\/\/www.coingecko.com\/\\\">CoinGecko<\/a>.<\/p>\n<p>In May, Celsius founder and CEO Alex Mashinsky <a href=\"https:\/\/u1f987.com\/en\/news\/celsius-network-ceo-accuses-wall-street-sharks-of-dragging-down-the-crypto-market\">blamed the market downturn<\/a> on crypto &#8220;sharks from Wall Street&#8221;.<\/p>\n<p>Follow ForkLog&#8217;s news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The crypto-lending platform Nexo said it is prepared to acquire Celsius&#8217;s loan portfolio from its rival. The offer runs until June 20.<\/p>\n","protected":false},"author":1,"featured_media":62826,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1348,1315],"class_list":["post-62825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-celsius-network","tag-nexo"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=62825"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62825\/revisions"}],"predecessor-version":[{"id":62827,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62825\/revisions\/62827"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/62826"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=62825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=62825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=62825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}