Ledn Tops $1 Billion in Bitcoin-Backed Loans This Year as Bitcoin Lending Market Rebounds
BTC/USDT
$5,893,102,060.79
$67,284.00 / $65,766.10
Change: $1,517.90 (2.31%)
-0.0007%
Shorts pay
According to COINOTAG News, CoinDesk reports that Ledn has surpassed $1 billion in year-to-date loan issuance, with Bitcoin-backed loans totaling $392 million in Q3, signaling renewed momentum in the Bitcoin lending segment and institutional appetite for collateralized financing.
Annual recurring revenue (ARR) climbed to $100 million, underscoring a solid rebound in crypto lending monetization and reinforcing Ledn‘s role as a capital-efficient lender within digital-asset markets.
As of the end of September, Ledn‘s loan book stood at $836.2 million, with an average loan-to-value ratio of 42.7%, a conservative profile that sits well below elevated risk bands.
Galaxy Research data position Ledn as the world’s third-largest centralized crypto lender, behind Tether and Galaxy, highlighting its scale in a competitive segment.