CELO/USD Exchange

CELO USD

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CELO

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CELO

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CELO/USD is one variation of expressing the value of 1 CELO to USD, i.e., one token of the CELO cryptocurrency against the US dollar. Other ways of discussing the pair include the two ticker symbols, CELO and USD, including CELO-USD. CELO tokens are the native cryptocurrency of the Celo blockchain ecosystem, a cryptocurrency project that focuses on a very distinct area – smartphones. In the simplest terms, the Celo project sees the fact that there are billions of smartphone users around the world as a catalyst for the adoption of cryptocurrency. More broadly, the Celo project wants to fuse smartphone and blockchain technology so that people around the world can access its payment infrastructure. In addition, the Celo infrastructure allows for the building of decentralized applications (dApps) on its blockchain. CELO token is the governance token of the Celo network, which gives holders voting rights to determine how the project operates. The CELO token can also be used for staking on the Celo network, conferring rewards upon holders. CELO-USD is available to buy and sell on eToroX, where you can find a wide range of other tradeable cryptoassets with low fees on our ultra-secure Exchange.

Discover eToroX CELO to USD investing

eToroX is a comprehensive cryptocurrency exchange and platform designed by the fintech trading pioneer eToro to serve the needs of the professional crypto trading community. eToroX is fully licensed and regulated, backed by the Gibraltar Financial Services Commission (GFSC). The platform is designed to be both ultra-secure and wholly transparent, while at the same time offering investors access to cutting-edge trading technology to execute their crypto trading strategies. You’ll find pairs like CELO coin to USD available to buy and sell with low fees, but there are also scores of other popular cryptoassets available to trade and invest in on the eToroX professional crypto exchange.

About CELO

Celo is unique among cryptocurrency projects for two main reasons. First is the way it is focused on smartphone users, believing that the billions of smartphone operators around the world should be able to access cryptoassets. Secondly, Celo is geared towards reaching those for whom traditional financial products are out of reach. Around two billion people around the world are considered “unbanked,” that is, those without access to banking systems, but many who can’t access bank accounts do have smartphones. Celo, which was set up almost like a charitable foundation by its founders (see below), is aimed at using its payment infrastructure to provide financial services to these unbanked individuals. Of course, Celo is not only aimed at these individuals, plus there are many other reasons for investors to be interested in the token and buy CELO coin with USD. The Celo network aims to create a global payments network, one that could potentially be adopted by billions of smartphone users around the world. If such ambitions are met, there is probable massive potential for the CELO USD price to rise in the future.

Some CELO facts

As an investment: buying CELO with USD

Celo was founded in 2017, and the project managed to raise millions of dollars in investment through private and public token sales before the Celo mainnet went live in April 2020. Since then, the CELO USD price has seen its share of ups and downs. The current all-time high for CELO was recorded on 30th August 2021, when the CELO to USD price reached $10.66. The lowest point for CELO (at the time of writing in mid-Q2 2022) was not long after it launched, when the CELO coin to USD exchange rate was under one US dollar at $0.88. There is a max supply of 1 billion CELO tokens, of which less than half is currently in circulation. You can buy and sell CELO coins here at eToroX, making full use of our cutting-edge trading platform and dedicated crypto trading services. In addition, you can use the news, analysis and other resources on eToroX, including price analysis through a CELO to USD converter and CELO USD calculator.

Investing and trading CELO/USD on eToroX

eToroX was designed to offer professional traders – both experienced investors with smaller budgets and those with institutional-grade trading portfolios – a secure and transparent platform to buy and sell cryptocurrency with confidence. Our crypto trading services ensure that traders and investors can wring the maximum benefit out of their investments through unique fee models and special advanced order types. We use a cutting-edge cold storage solution – CaaS – to secure your assets as well as robust security mechanisms, and eToroX provides a dedicated support team of in-house cryptocurrency experts to assist you. A fully regulated platform for professionals with great benefits across a rich product suite, eToroX should be your number one choice for trading pairs like CELO/USD.