Ledn Shifts Focus to Bitcoin Collateral Lending, Ends Ethereum Support

According to Odaily, cryptocurrency lending platform Ledn has announced a strategic shift in its services, ceasing support for Ethereum and interest-bearing accounts to focus exclusively on Bitcoin collateral lending. Starting July 1, the platform will offer only 'custodial Bitcoin lending' services, with client collateral assets fully managed by Ledn or its partner institutions. This change follows the introduction of Ethereum collateral lending services in February 2024, marking the closure of both BTC and ETH 'growth accounts.'