top of page

Crypto Lending Firm Ledn Offers Low-Risk Custodied Loans

Cryptocurrency lending company Ledn is offering customers crypto-backed loans where all the assets remain locked up with a qualified custodian, as the company adapts its centralized finance approach to a post-FTX world. Ledn has done a brisk trade in standard loans to date, where bitcoin (BTC) posted as collateral can be further lent out to subsidize the loan. The firm has processed some $635 million of retail loans backed by Bitcoin, and over $4 billion on the institutional side. Last year’s meltdown of non-transparent crypto companies has brought a de-risk reckoning to the digital asset space. Ledn, which managed to avoid client losing any money amid the collapse of firms like FTX.


Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!



Comentarios


bottom of page