Ledn Reaches $1 Billion in Bitcoin Loan Milestone

Ledn Inc. has achieved a significant milestone, surpassing $1 billion in Bitcoin-backed loans globally. This marks a substantial increase in institutional demand for Bitcoin loans over traditional asset liquidation methods. As investors turn to borrowing instead of selling their holdings, Bitcoin’s role as the primary cryptocurrency used for lending is solidifying its place in the market. The company’s transition away from Ethereum lending and focus on Bitcoin, evidenced by $392 million in Bitcoin collateral loans issued in Q3 alone, demonstrates this shift significantly impacting liquidity and pricing dynamics.