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Celsius need time to stabilize its liquidity and operations

Celsius (CEL) did not provide any indicators of when it expects its liquidity and operations to be stabilized. Instead it focuses on its work with regulators and officials while limiting communication with its clients. The company stated they keep an open discussion with regulators and officials and intend to continue working with them “about this delay. And company is firm to find a resolution after halting withdrawals, Swaps, and transfers for a week.

Celsius has announced that company will take a break from communicating with clients via Twitter Spaces and AMA sessions to focus on handling these unprecedented obstacles.

CEL is trading at USD 0.64 at 04:37 UTC, up 20% in a day and 73 % in a week. In a month, the price has dropped by 18%.

Celsius’ troubles last Sunday kicked off a rocky week for the crypto market.

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