Voyager outflows hit $134M but Celsius hasn’t sold anything — yet
Celsius and Voyager — rival crypto lending startups that went bust last year — have been cleared to start shifting their crypto holdings. But only Voyager has been busy. Crypto markets shuddered at Celsius gaining court approval to convert its remaining cryptocurrency into bitcoin (BTC) and ether (ETH), starting July 1. Celsius had around $600 million in crypto at the time, per Arkham Intelligence. About 70% of those funds were already BTC and ETH, with other tokens (sans stablecoins) making up $162 million or so. As of Tuesday morning, Celsius has not moved any crypto at all. The firm, formerly headquartered in Hoboken, last shuffled crypto three weeks ago. It sent 17.3 million matic (MATIC), worth $11.3 million at the time, to the Polygon staking contract where it would help secure the PoS chain and earn staking rewards. About a week earlier, Celsius deposited $7.1 million USDC with institutional crypto exchange FalconX. Voyager shrinks crypto portfolio 25% Voyager opened c...