XRP On Growth Path As Ripple Considers Purchasing Assets Of Cash-Strapped Firm Celsius

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XRP On Growth Path As Ripple Considers Purchasing Assets Of Cash-Strapped Firm Celsius

Ripple, the blockchain payments company behind the XRP cryptocurrency, is reportedly considering acquiring assets belonging to beleaguered crypto lending firm Celsius.

According to a Reuters report, a spokesperson from Ripple disclosed that the firm was “interested in learning about Celsius and its assets,” in addition to assessing whether any of them could be relevant to their business. The move was informed by Ripple’s continued growth and desire to expand its business despite the hurdles facing the crypto market at large. Ripple "aktivno traži M&A mogućnosti za strateško povećanje kompanije, rekao je portparol.

Pokret dolazi nakon Celzijusa podnesen za stečaj u junu, navodeći "ekstremne tržišne uslove" i priznajući rupu od 1.2 milijarde dolara u svom bilansu stanja. Celsius je, međutim, bio otvoren za ponude otkupa čak i dok istražuje puteve spasavanja za kreditore koji su gomilali pritisak na njega.

The June chapter 11 bankruptcy filings disclosed that Celcius holds a variety of possessions including digital assets held in custody accounts, loans, the company’s own CEL token, Bank cash and a bitcoin mining business. Last week, Ripple lawyers made an application seeking to be enjoined in the bankruptcy proceedings despite not being a major creditor for Celcius.

Iako Ripple has not done any major acquisition deals previously, some pundits believe Celsius’s attractive legal background could be the key reason for Ripple’s increased interest in the firm, especially given its svađa sa Komisijom za hartije od vrednosti.

"Mi znamo Ripple is trying to buy Celsius. Why? Celsius marketed itself as a type of crypto bank,” Rekla je Lisa Daly Digital Product Manager u BlackRocku, “Celsius mreža je regulirana platforma za pozajmljivanje “usklađena sa SEC-om” koja korisnicima omogućava da primaju kamatu na deponovane kriptovalute ili uzimaju kripto zajmove sa kolateralom.”

Osnovan 2017. od strane izvršnog direktora Alexa Mashinskyja, Celsius je brzo rastao zbog svojih atraktivnih kamatnih stopa za korisnike koji su prošle godine procijenili 3.5 milijardi dolara. Kompanija se, međutim, našla zarobljena u krizi likvidnosti s većinom njene kripto imovine koja je depresirala zajedno sa širokim kripto tržištem, uprkos tome što su kamatne stope na dug i dalje bile povišene. Finansijsko loše upravljanje i oluja implozije stabilnih coin-a izazvana Terom, koja je izazvala velike gubitke za nekoliko istaknutih igrača u industriji, kasnije će baciti Celzijus na koljena. 

That said, while a favourable outcome could come out of Ripple’s quest, it is unclear if the firm seeks to acquire Celsius altogether. In June, a source revealed that FTX “was interested in making a deal with Celsius but walked away” because of the irredeemable state of its finances, instead settling on BlockFi.

Izvorni izvor: ZyCrypto