Cryptolending company Nexo wants to buy the credit assets of rival Celsius.
Nexo announced on its Twitter that it is willing to buy out the remaining assets of Celsius because the company has enough liquidity and available capital to do so.
Today, Celsius suddenly suspended the ability to withdraw funds from the site, citing “extreme market conditions.”
“Nexo, its partners and affiliates can easily acquire some or all of the related outstanding secured loan receivables from Celsius, secured by their respective cryptocurrency collateral, subject to Nexo’s risk management and collateral requirements,” Nexo wrote in their official letter.
The offer is valid until June 20.