Celo is a token that could possibly become a pillar in the DeFi ecosystem. There are quite a few exchanges that allow for the purchase and sale of cUSD and cEur. Celo has a lot of potential and is a practical token that has real-life application. Celo is already being used internationally in peer-to-peer transactions and is able to be staked.
Celo community drives increased adoption globally
Editor’s note: We’re proud to say the Celo movement is continuing to grow! CELO is now listed on 20+ exchanges worldwide, while cUSD and cEUR are available through several exchanges around the world. Click here to learn more.
Celo’s mission is to create a future where financial systems are borderless and readily accessible, leading to prosperity for all. The aim is to make financial tools accessible directly from any smartphone, allowing over 6 billion smartphone users to securely purchase goods, make payments to anyone globally, and have access to loans.
A fundamental step towards the ultimate goal of a global financial system is to ensure that both the Celo native asset (CELO) and Celo Dollars (cUSD) are accessible to everyone. Thanks to the tremendous support and vocalism of the Celo community, we continue to see new support for both CELO and cUSD.
Bittrex Global is excited to be listing a project like Celo that aligns so closely with our own goals for financial inclusion and innovation around the world. We are firm believers in the necessity for the mass adoption of cryptocurrencies in order for more and more people around the world to have access to financial instruments. Celo’s mobile-first, digital payment solution will help bring this change and we’re proud to be able to support them in their efforts.”
– Tom Albright, CEO of Bittrex Global
What is CELO?
CELO is the native asset and core utility, governance, reserve, and staking mechanism for the Celo platform. CELO enables users to have a say in how the platform evolves and grows over time.
CELO has a fixed supply, and a variable value related to the total value of stablecoins in circulation throughout the Celo ecosystem. CELO also plays a core role in the Celo platform’s stability mechanism, dynamically adjusting the supply of stablecoins in circulation to help keep their price as close to the target value as possible.
Because the Celo community believes in both transparency and inclusivity, holders of CELO have the agency to help shape the direction of the platform and the actions of the Celo Reserve are publicly verifiable.
“We are proud to be the first exchange to enable users in 180 countries to access CELO and cUSD,” said Hong Fang, OKCoin CEO, the global cryptocurrency exchange and Celo Alliance member. “Our compliance with regulations along with top global liquidity enables anyone to use Celo to transfer between fiat and crypto easily. Celo’s multi-asset ecosystem and mobile-first infrastructure is an essential ingredient in enabling the mass adoption of cryptocurrencies, but perhaps more importantly, enabling financial inclusion for everyone around the globe. We’re just getting started and we can already see the real-world impact Celo is having in developing countries. Celo’s mobile payment network will bring the industry to the next level and we’re excited to be part of the journey.”
What is cUSD?
cUSD, or Celo Dollars, is a stablecoin that enables users to make purchases, send money to anyone globally, pay bills, and even borrow funds directly from their smartphones as easily as sending a text message. With Celo Dollars, users can even contribute to causes they care about, or provide a microloan to small businesses. And because Celo is an open platform, any business or organization can readily access a wide array of mobile-first financial solutions, allowing them to accept payments from anyone in the world.
OKEx has long-regarded DeFi as one of the most important development directions of blockchain and cryptocurrency. The applications that are being developed have the power to truly reach every individual on earth and achieve the goal of #FinanceAll. We are heavily invested in supporting the growth of DeFi and promising projects like Celo, which are allowing small businesses and communities to flourish in developing regions by making financial tools accessible to anyone with a mobile phone. Such innovations in the space are key to its growth and represent the future direction of DeFi and blockchain.”
– Jay Hao, CEO of OKEx
To learn more about CELO and cUSD, check out the full blog post.
Where can I purchase CELO and cUSD?
As the community has grown, so too has the availability of both CELO and cUSD.
Currently, CELO is available for purchase on Bilaxy, Binance, Bittrex, Coinbase, CoinBene, Coinlist, Gate.io, Hoo, Indodax, KuCoin, Naijacrypto, OKCoin, OKEx, Rekeningku, UPbit Korea, UPbit Indonesia, and VALR.
Update: cEUR is now available for purchase on KuCoin.
Together, we can build a more useful, more resilient, more fully-featured, and more accessible financial system for all.