Bitcoin lending company removes ETH from its platform
Ledn will now be a company 100% focused on bitcoin-collateralized loans.
95% of Ledn's customers used bitcoin (BTC) as collateral for loans.
With this move, Ledn strengthens its identity around bitcoin.
The Ledn lending platform will remove support for ether (ETH), the cryptocurrency of the Ethereum network, and will focus all its operations exclusively on bitcoin (BTC). Starting July 1, 2025, it will no longer be possible to use ETH as collateral on its platform.
This decision, communicated by its founders Adam Reeds and Mauricio Di Bartolomeo, responds to a strategy of simplification and security. "Bitcoin-collateralized loans are what we do, what we do best, and soon, the only thing we will do," they stated in their official announcement.
Currently, more than 95% of Ledn's customers already use BTC as collateral for their loans. Given that overwhelming preference, the company has chosen to align its value proposition with what its users value most.
Additionally, another significant change is the complete elimination of institutional loans with customer collateral, a practice that represents considerable risk. Ledn assures that, from now on, no bitcoin pledged as collateral will be exposed to this type of operation, which eliminates the risk of institutional counterparty.
"We are committed to building the best bitcoin-backed loan platform," conclude its founders. With this move, Ledn not only strengthens its identity around BTC but seems to send an implicit message: bitcoin and cryptocurrencies are not the same.
Regarding ETH, CriptoNoticias has extensively reported in recent months that its market performance has been mediocre if not disappointing. Although, measured in dollars, it has had some increases (still far from its all-time high), the same cannot be said when looking at its price measured in BTC.
As seen in the previous image, the price of ETH has been in a constant decline since 2021. Although in recent days it shows a slight rebound, it is insignificant compared to the decline it has experienced.
This behavior contrasts with that of bitcoin, which yesterday, May 22, 2025, marked a new all-time high close to $12,000.
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