Ledn Reaches $1 Billion in Bitcoin-Backed Loans: A Sign of Growing Confidence in Crypto Credit

Ledn has hit a significant milestone, exceeding $1 billion in Bitcoin-backed loans this year. This surge reflects growing investor confidence in the cryptocurrency market and highlights a shift away from selling assets during current volatility. Ledn’s leadership under CEO Adam Reeds emphasizes Bitcoin as a primary focus after discontinuing Ethereum lending earlier this year, aligning with market demands. The rise in borrowing rather than selling suggests a healthy liquidity flow within the Bitcoin market. This activity holds significant implications for crypto lending platforms and could lead to increased innovation and regulatory change in the field.