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

BTC

BTC/USDT

$79,626.01

-1.55%

$79,626.01

-1.55%

(24s)

24h Volume

$17,377,625,857.66

24h H/L

$81,423.03 / $78,660.00

Change: $2,763.03 (3.51%)

Long/Short

52.6%

Long: 52.6%Short: 47.4%

Funding Rate

-0.0019%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,697.72

▲ 0.05%

Volume (24h): -

Resistance Levels

Resistance 3$91,281.84

Resistance 2$88,315.23

Resistance 1$80,811.61

Price$79,697.72

Support 1$79,507.02

Support 2$76,172.06

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.5

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…