Ledn, a leading crypto lending platform, has announced it will become a bitcoin-only company starting July 1, 2025. The company will no longer support ethereum (ETH) or offer Growth Accounts, marking a significant shift in its business model aimed at improving user trust, safety, and simplicity.
According to Ledn, the decision reflects a long-term commitment to focusing solely on bitcoin-backed financial services. By discontinuing ETH services and institutional lending of client collateral, the platform intends to reduce risk exposure for its users. This move follows broader market trends showing increased demand for secure, transparent, and simplified bitcoin-based solutions.
“By aligning our services with bitcoin’s principles, we can offer more security and better performance for our clients,” said Ledn’s leadership in a public statement. “This strategic shift allows us to streamline operations, strengthen trust, and focus on what we do best—bitcoin-backed lending.”
As part of this transition, Ledn will retire both BTC and ETH Growth Accounts. These accounts previously allowed users to earn interest on deposited crypto assets, but the company has decided to discontinue them in favor of enhancing the core lending experience. Importantly, client collateral will no longer be used in institutional lending, eliminating a layer of risk and improving asset control.
In addition, the company is lowering its Custodied loan rate from 14.9% APR to 12.9% APR. This reduction aims to make borrowing against bitcoin more affordable and competitive while still maintaining financial stability for the platform.
The changes are designed to provide users with more control over their bitcoin, improved loan terms, and greater transparency across all services. Clients currently using ETH or Growth Accounts are encouraged to withdraw or convert their assets before the July deadline.
Ledn’s bitcoin-only strategy positions the platform as a specialized service provider in an increasingly competitive lending space. With regulatory pressure mounting and user demand for low-risk crypto financial products growing, the company sees this focused approach as the best path forward.
By refining its offerings and eliminating complexity, Ledn aims to deliver a cleaner, safer, and more reliable experience for bitcoin holders seeking to access liquidity without compromising security.
Source: Top Tech News
