PANews reported on October 27th that Bitcoin lending institution Ledn has surpassed $1 billion in loan originations this year, issuing $392 million in BTC-collateralized loans in the third quarter. The company's annual recurring revenue reached $100 million. Ledn removed ETH lending in May, transitioning to a BTC-only product. As of the end of September, its outstanding loan book reached $836.2 million, with an average LTV of 42.7%. Ledn also published a certificate of reserves (issued by The Network Firm). Ledn attributes this demand to BTC holders collateralizing their BTC for liquidity. According to Galaxy Research, Ledn is the third-largest centralized lending institution, behind only Tether and Galaxy.PANews reported on October 27th that Bitcoin lending institution Ledn has surpassed $1 billion in loan originations this year, issuing $392 million in BTC-collateralized loans in the third quarter. The company's annual recurring revenue reached $100 million. Ledn removed ETH lending in May, transitioning to a BTC-only product. As of the end of September, its outstanding loan book reached $836.2 million, with an average LTV of 42.7%. Ledn also published a certificate of reserves (issued by The Network Firm). Ledn attributes this demand to BTC holders collateralizing their BTC for liquidity. According to Galaxy Research, Ledn is the third-largest centralized lending institution, behind only Tether and Galaxy.
Ledn's loan issuance exceeded $1 billion this year, and the Bitcoin credit market rebounded
PANews reported on October 27th that Bitcoin lending institution Ledn has surpassed $1 billion in loan originations this year, issuing $392 million in BTC-collateralized loans in the third quarter. The company's annual recurring revenue reached $100 million. Ledn removed ETH lending in May, transitioning to a BTC-only product. As of the end of September, its outstanding loan book reached $836.2 million, with an average LTV of 42.7%. Ledn also published a certificate of reserves (issued by The Network Firm). Ledn attributes this demand to BTC holders collateralizing their BTC for liquidity. According to Galaxy Research, Ledn is the third-largest centralized lending institution, behind only Tether and Galaxy.
Market Opportunity
Bitcoin Price(BTC)
$67,851.3
$67,851.3$67,851.3
USD
Bitcoin (BTC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Shiba Inu Faces Growing Risks as Leadership Instability Concerns Holders
TLDR Shiba Inu faces growing risks due to leadership instability and the absence of its lead developer, Shytoshi Kusama. The lack of identifiable leadership raises trust issues, hindering Shiba Inu’s ability to attract institutional investors. Shibarium’s transaction volume has significantly declined, sparking concerns about its ability to support decentralized finance (DeFi) growth. A recent $3 [...] The post Shiba Inu Faces Growing Risks as Leadership Instability Concerns Holders appeared first on CoinCentral.
Share
Coincentral2025/09/18 06:14
PBOC Monetary Policy: Navigating Economic Headwinds with Cautious Structural Easing Tools – DBS Insight
BitcoinWorld PBOC Monetary Policy: Navigating Economic Headwinds with Cautious Structural Easing Tools – DBS Insight BEIJING, March 2025 – The People’s Bank of
Share
bitcoinworld2026/02/21 08:55
OpenVPP accused of falsely advertising cooperation with the US government; SEC commissioner clarifies no involvement
PANews reported on September 17th that on-chain sleuth ZachXBT tweeted that OpenVPP ( $OVPP ) announced this week that it was collaborating with the US government to advance energy tokenization. SEC Commissioner Hester Peirce subsequently responded, stating that the company does not collaborate with or endorse any private crypto projects. The OpenVPP team subsequently hid the response. Several crypto influencers have participated in promoting the project, and the accounts involved have been questioned as typical influencer accounts.
Share
PANews2025/09/17 23:58