Ledn ditches ETH, shifts to full custody model for Bitcoin loans

Digital asset lender Ledn is transitioning to fully collateralized Bitcoin lending and discontinuing support for Ethereum, in moves designed to consolidate its BTC-focused business and further safeguard client assets against credit risks.In adopting a full custody structure for Bitcoin BTC BTC - $108809.991 loans, Ledn will no longer lend out client assets to generate interest, the company disclosed on May 23. Instead, Bitcoin collateral will remain under full custody by Ledn or one of its designated funding partners.

Source: cointelegraph.com

Related symbols: ETHUSD

2025-05-23 13:15:04 GMT.

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Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,869,225. The last known price of Bitcoin is 108,856.99036676 USD and is down -0.44 over the last 24 hours. It is currently trading on 12185 active market(s) with $52,514,449,424.47 traded over the last 24 hours. More information can be found at https://bitcoin.org/.