Celsius Network’s Restarting of Withdrawal Processes for Distributable Assets

02/15/2023 06:28 • Crypto & Markets • 70 views

On February 15, the crypto lending platform Celsius Network tweeted that the withdrawal of distributable assets in some custody accounts was about to be restarted, and Celsius began to notify eligible users to take the necessary steps to withdraw. Eligible users will also receive specific information about gas and transaction costs related to cash withdrawal activities. Qualified users who do not have enough assets in their accounts to pay these fees will not be allowed to withdraw their assets. Eligible users are expected to receive e-mails from Celsius and notifications issued by Celsius applications around February 15.

Cersius Network starts to notify qualified users to extract the managed assets

Interpretation of the news:

Celsius Network, a leading crypto lending platform, has recently announced that it is restarting the withdrawal of distributable assets in some custody accounts. The platform made this announcement on February 15, through its official Twitter handle, informing users that eligible members would receive email notifications from the platform about the necessary steps to withdraw.

The company further clarified that qualified users who lack sufficient assets in their accounts to cover transaction and gas costs would be disallowed from withdrawing their assets. Hence, users have until the required fees can be met before gaining access to their distributable assets.

This new development by Celsius Network would undoubtedly be welcomed by users eager to access their assets right from the platform. It is an immense relief for those who have had to suffer delays and other issues while attempting to withdraw crypto assets from other platforms which are not always transparent.

This announcement has also served as an indication of the platform’s dedication to the satisfaction of its users. The fact that eligible users are receiving specific information about gas and transaction fees regarding withdrawal activities shows the transparency and accountability of Celsius Network. As a result, this award-winning platform is highly recommended for crypto enthusiasts interested in lending and borrowing cryptocurrencies in a safe and regulated environment.

In conclusion, by restarting the withdrawal process of distributable assets, Celsius Network is again taking large strides in the evolving crypto space, making good on its promise of providing users with a safe, secure and transparent platform for crypto investments.

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Celsius Network’s Restarting of Withdrawal Processes for Distributable Assets

Cersius Network starts to notify qualified users to extract the managed assets

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