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)
$65,645.9
$65,645.9$65,645.9
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
Unleashing A New Era Of Seller Empowerment
The post Unleashing A New Era Of Seller Empowerment appeared on BitcoinEthereumNews.com. Amazon AI Agent: Unleashing A New Era Of Seller Empowerment Skip to content Home AI News Amazon AI Agent: Unleashing a New Era of Seller Empowerment Source: https://bitcoinworld.co.in/amazon-ai-seller-tools/
Share
BitcoinEthereumNews2025/09/18 00:10
SEC approves new listing standards paving way for crypto ETFs on Nasdaq, Cboe, and NYSE
The post SEC approves new listing standards paving way for crypto ETFs on Nasdaq, Cboe, and NYSE appeared on BitcoinEthereumNews.com. Key Takeaways The SEC has approved standardized listing rules for commodity-based trust shares. Nasdaq, Cboe, and NYSE can now list these products without individual SEC applications per product. The Securities and Exchange Commission approved generic listing standards for commodity-based trust shares on Nasdaq, Cboe and the New York Stock Exchange. The approval allows these exchanges to list shares of commodity-based trusts under standardized criteria rather than requiring individual applications for each product. The new framework applies to trust structures that hold physical commodities or commodity-related investments. This newly approved standard paves the way for formal listing rules for crypto exchange-traded funds, quickly setting the stage for these products to be prepared for public trading. Source: https://cryptobriefing.com/sec-approves-commodity-trust-listing-standards-nasdaq-cboe-nyse/
Share
BitcoinEthereumNews2025/09/18 07:34
Where to Buy BFS Crypto? Arkham Abandons the CEX Model, North Korean Malware Targets Traders, and DeepSnitch AI’s Moonshot Launch Is About to Come and Go in Early 2026
A fair few headlines have broken on February 11 that, taken together, paint a vivid picture of where crypto is headed and what it still needs to fix. Arkham Exchange
Share
Captainaltcoin2026/02/12 23:30