TechFlow News, October 24 — According to Bitcoin.com News, cryptocurrency lending platform Ledn announced that as of the third quarter of 2024, it has processed $1.67 billion in loans year-to-date, marking a new high since its founding in 2018. This total includes $258.7 million in retail loans and $1.41 billion in institutional loans, with over $506 million in digital asset loans originated in Q3 alone.
Retail operations grew 225% year-on-year, driven primarily by Ledn's Celsius refinancing program, the launch of cryptocurrency ETFs, and stabilized price volatility. The surge in demand for digital asset-backed lending solutions reflects growing interest among institutional investors seeking alternative financing options amid restrictive monetary policies.
