Ledn Launches Ether-backed Loans as It Preps to Onboard Former Celsius Users

Crypto lending platform Ledn has expanded to support loans collateralized in ether, having previously only offered bitcoin-backed loans. This expansion aims to support those affected by the bankruptcy of Celsius.

“Until recently, Ledn only offered loans backed by bitcoin. However, as the crypto industry matures, more digital assets are proving their worth and resilience,” Ledn Chief Investment Officer John Glover said in a statement.