Bitcoin-Backed Loans Could Hit $1 Trillion, Ledn Says — But Most Crypto Holders Still Haven't Borrowed

BTC

BTC/USDT

$84,117.94

+0.03%

$84,117.94

+0.03%

(24s)

24h Volume

$15,313,060,871.68

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.4%

Long: 58.4%Short: 41.6%

Funding Rate

+0.0009%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,007.02

▼ -0.11%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,048.83

Price$84,007.02

Support 1$83,103.66

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):63.9

Bitcoin Magazine Editorial

(04:12 PM UTC)

1 min read

Verified byMichael Roberts

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A new report from Bitcoin lending platform Ledn is putting a big number on a market that barely exists yet: $1 trillion. The company released research showing that the consumer Bitcoin-backed loan market — currently worth around $3 billion — could grow 300 times larger within the next decade.

To put that in context, Galaxy Research pegged the entire crypto lending market, across every…