Share this article
Celsius Bans New Transfers by US Nonaccredited Investors From Earning Crypto Rewards
In the U.S., only accredited investors and those with coins already in the Earn platform will be able to earn rewards.
Updated May 11, 2023, 4:04 p.m. Published Apr 12, 2022, 4:05 p.m.
Cryptocurrency lender Celsius is banning new transfers from nonaccredited investors on its U.S. platform from earning rewards on its program effective Friday.
- Starting April 15, only “accredited” U.S. investors will be able to add new assets and earn rewards on Celsius' Earn platform, said the company. To be deemed accredited in the U.S., investors must have a minimum annual income of $200,000 or a net worth over $1 million.
- The company said all existing U.S. users – whether accredited or nonaccredited – will continue to earn rewards as long as the coins are in their Earn account prior to April 15.
- Those deemed nonaccredited will have their coins held in custody, where they won’t earn rewards but can continue to swap, borrow and transfer within those custody accounts based on their local jurisdiction.
- “As we previously have acknowledged, Celsius has been working closely with regulators around the world. It is our intention to be as transparent with our community as possible,” the company said in a blog post Tuesday. “More specifically, we have been in ongoing discussions with United States regulators regarding our Earn product. As a result, there will be changes to the way our Earn product will work for users based in the United States.”
- U.S. users wishing to post coins as collateral against a loan opened prior to April 15 will see their assets returned to their accounts when the loan is repaid, the company added.
- The company is currently facing several legal investigations from regulators in various U.S. states on allegations its lending and earn programs might be in violation of securities laws.
- CEL, the native token of the Celsius Network, is trading at $2.62 at press time, down from $2.69 24 hours ago, according to Messari.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Mehr für Sie
Coinbase rolls out stock trading, prediction markets and more in bid to become the ‘Everything Exchange’
Coinbase is dramatically expanding the assets available to trade on its platform, including novel cryptocurrencies, perpetual futures, stocks and prediction markets, starting with Kalshi.
Was Sie wissen sollten:
- Coinbase is expanding offerings on its platform, introducing hundreds of top stocks based on market cap, trading volume, etc, with plans to add thousands of additional stocks and ETFs over the coming months.
- Coinbase users will also be able to trade on the outcomes of real-world events like elections, sports, collectibles, and economic indicators, starting with Kalshi and more to be integrated over time.
- A new AI-driven wealth management advisory service has been introduced, as well as Coinbase Business to help startups and small businesses incorporate crypto.
Top Stories
