Ledn’s Lending Leap: Record $1.67 Billion in Loans Signals Institutional Confidence in Digital Assets

CN
4 hours ago

Ledn, a crypto lending platform, has announced $1.67 billion in loans processed year-to-date (YTD) as of Q3 2024, marking a milestone since its inception in 2018. This total includes $258.7 million in retail loans and $1.41 billion in institutional loans, with Q3 alone accounting for over $506 million in digital asset loans. The retail sector experienced a year-over-year increase of 225%, largely driven by Ledn’s Celsius refinancing program, the launch of crypto ETFs, and stabilized pricing volatility. The surge in demand for digital asset-backed lending solutions reflects a growing interest from institutional players seeking alternative financing options amid restrictive monetary policies. Ledn has processed over $6.5 billion in loans since its inception, solidifying its position as a player in the digital asset industry. Chief Investment Officer John Glover noted a steady rise in institutional demand, with market participants looking for catalysts to drive bitcoin prices higher.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink