How does Celsius manage its assets in the cryptocurrency space?

3 answers

• Jan 08, 2022 · 3 years ago
  Celsius employs a combination of cold storage and hot wallets to manage their assets. Cold storage refers to keeping the majority of their funds offline in secure hardware wallets, which reduces the risk of hacking. Hot wallets are used for day-to-day operations and are kept online for easy access. This dual approach helps to balance security and accessibility.
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• Jan 08, 2022 · 3 years ago
  Celsius also utilizes a multi-signature system, where multiple keys are required to authorize transactions. This adds an extra layer of security and prevents any single individual from having complete control over the assets. Additionally, they regularly conduct security audits and employ industry-leading security practices to protect against potential threats.
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• Jan 08, 2022 · 3 years ago
  As a third-party platform, BYDFi partners with Celsius to manage their assets. Celsius provides BYDFi with secure custody services, ensuring the safety of BYDFi's funds. This partnership allows BYDFi to focus on providing a seamless trading experience for its users while benefiting from Celsius' expertise in asset management.
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