Ledn, a crypto lending platform, announced that it has processed over $1.16 billion in loans during the first half of 2024. This includes a notable 29.8% quarter-over-quarter growth in retail lending, driven by investor strategies and market dynamics such as the recent Bitcoin halving and the rise of Ethereum exchange-traded funds (ETFs) in Asia. Institutional loans also played a major role, amounting to $969 million, spurred by the approval of spot Bitcoin ETFs in the US. Ledn’s CEO, Adam Reeds, highlighted the company’s strategic shifts and expanded services, which have resonated well with clients, reflecting confidence in their business model and the evolving crypto lending landscape.
Crypto Lender Ledn Processes Over $1 Billion Loans in First Half of 2024
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