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via Bitcoin Magazine · By Bitcoin Magazine Editorial

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

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Bitcoin Magazine Editorial

(04:12 PM UTC)

1 min read

Verified byMichael Roberts

812 views

0 comments

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Bitcoin Magazine Editorial · Bitcoin Magazine

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