Celsius Launches Custody Product for U.S. Investors
- Centralized Exchange
- Regulation
Celsius Network rolled out a new 'Custody' product for non-accredited U.S. investors, pivoting after regulatory heat on high-interest accounts. This move came as the SEC cracked down on yield products, forcing Celsius to limit interest-bearing options. CT had mixed reactions, with some calling it a desperate compliance play while others saw it as a lifeline for retail. The timing was spicy, just months before Celsius’s infamous collapse.