Ledn Prioritizes Bitcoin Collateral Lending, Ending Ethereum Services

Crypto lending platform Ledn has announced a strategic shift in its offerings. Starting July 1st, the company will solely focus on Bitcoin collateral lending and discontinue support for Ethereum and interest-bearing accounts. All client assets will be managed by Ledn or designated partners under the new ‘custodial Bitcoin lending’ model, eliminating the previous ‘growth account’ options that included both Bitcoin and Ethereum. This decision follows a February 2024 launch of Ethereum collateral lending services, marking a final closure for both BTC and ETH accounts.