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TechFlow news: Cryptocurrency lending platform Ledn has expanded to support Ethereum-backed loans, aiming to assist users affected by Celsius' bankruptcy.
The new product allows users to lend out their Ethereum assets in a tax-efficient manner, avoiding capital gains taxes associated with selling cryptocurrency. Ledn claims to have processed nearly $5 billion in Bitcoin-secured loans since 2018.
Cryptocurrency lending platform Ledn is expanding to support Ethereum-backed loans, aiming to assist users affected by Celsius's bankruptcy. The new product allows users to lend out their Ethereum assets in a tax-efficient manner, avoiding capital gains taxes associated with selling cryptocurrency. Ledn claims to have processed nearly $5 billion in Bitcoin-backed loans since 2018.
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