Total amount of crypto loan interest paid by Celsius to savers has more than doubled since last November

According to Cointelegraph, the latest report from crypto lender Celsius Network states that since November 2019, the company's interest payments on crypto loans have more than doubled in three months. This is yet another signal of the continued growth of the crypto lending industry, as the DeFi business attracts more funds. According to its February 20 report, Celsius paid more than $ 11 million in Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies as total interest income. This is a 120% increase from the $ 5 million announced on November 12, 2019.