Ledn Processed $1.16 Billion in Loans During First Half of Year as Bitcoin’s Price Rose

Crypto lending platform Ledn announced that during the first half of this year, it processed $1.16 billion in digital asset loans, which was mostly driven by institutional activity.

“Institutional loans amounted to $969 million,” Ledn said in a statement Thursday. “This was spurred by the approval of various spot Bitcoin ETFs in the U.S. and the subsequent rally in BTC price. These developments allowed Ledn to process several hundred million in institutional loans to ETF market makers.”