Ledn, a crypto lending platform, has announced a strategic shift to become a bitcoin-only company effective July 1, 2025, discontinuing support for ethereum ( ETH) and focusing exclusively on bitcoin-backed loans. This decision is explained to be driven by the company’s commitment to providing a safer and simpler financial service for bitcoin holders, emphasizing client security and transparency. Ledn will retire its BTC and ETH Growth Accounts and will no longer engage in institutional lending of client collateral, ensuring that client assets are not exposed to additional risks. The platform aims to enhance user experience by offering better collateral control and competitive loan rates, with the current Custodied loan rate decreasing from 14.9% APR to 12.9% APR. Ledn’s leadership believes these changes will strengthen their position in the market and improve the overall bitcoin-backed lending experience for clients.
Source: Bitcoin
