Ledn Originates $1.16B in Crypto Loans in H1, Institutional Loans Dominate

IconCryptoNewsTerminal Staff01 Aug, 2024

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Ledn Originates $1.16B in Crypto Loans in H1, Institutional Loans Dominate

Ledn, a Canadian crypto lender, has announced originating a remarkable $1.16 billion in loans during the first half of 2022. Notably, institutional loans accounted for a significant portion of the total, amounting to $969 million, highlighting the growing institutional interest in the crypto space. According to Coindesk, Ledn attributed this surge in demand to several factors, including the Bitcoin halving, the launch of ETH ETFs in Asian markets, and increased institutional adoption of crypto assets. These factors have fueled the demand for crypto lending services, particularly among institutions seeking to capitalize on the growth potential of the crypto market. Ledn's robust performance in the first half of the year underscores the maturing crypto lending industry and the growing trust in reputable crypto lenders like Ledn. As the crypto market continues to evolve, it is likely that Ledn and other reputable lenders will continue to play a vital role in bridging the gap between traditional finance and the crypto ecosystem.

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