COINOTAG News, May 23rd. In a significant shift within the cryptocurrency lending landscape, Ledn has announced the termination of Ethereum support and its associated interest-bearing services. This strategic pivot, set to take effect on July 1st, will see the platform exclusively providing a Bitcoin-backed lending model. Clients will now benefit from a dedicated “Bitcoin Custodian Lending” service, whereby all collateral will be securely held by Ledn or its partner institutions. Since launching its Ethereum collateralized lending services in February 2024, Ledn has made this bold decision to streamline its offerings, which will result in the simultaneous closure of “Interest Accounts” for both BTC and ETH. This move signals a growing emphasis on Bitcoin dominance in the crypto lending sphere, reflecting broader market trends.
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