Celsius unveils beta launch for long-awaited in-app swap feature

Lending platform Celsius has unveiled the beta launch of its highly-anticipated in-app swap feature that will allow users to exchange assets on the platform with zero fees. The beta launch – which is to be rolled out over the next few weeks – will provide existing Celsius users with the first chance to field test the swap feature and provide feedback on its performance. Previously, to swap assets for another, users would have to withdraw assets from Celsius (with no fees), send them to an exchange such as Binance or a DEX like Uniswap and then send them back to Celsius. The beta launch was announced three days after Celsius disclosed a $400m fundraising effort to help expand its existing array of products and help “build bridges between traditional finance and cryptocurrencies”. Celsius also noted that the swap feature will be available in selected regions “where Celsius is allowed to offer such service according to local regulations”.