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Ledn has issued over $1 billion in Bitcoin loans in the past year, signaling a resurgence in the Bitcoin lending market

By: theblockbeats.news|2025/10/28 03:47:54

BlockBeats News, October 28th, CoinDesk reported that Bitcoin lending institution Ledn has surpassed a total loan issuance of over $1 billion this year, with Bitcoin-backed loans totaling $392 million in the third quarter alone. At the same time, the company's annual recurring revenue has also reached $100 million, reflecting a rebound in the Bitcoin lending market.

As of the end of September, its loan book reached $836.2 million, with an average loan-to-value ratio (LTV) of 42.7%, significantly lower than the industry's high-risk range. According to Galaxy Research data, the institution currently ranks as the world's third-largest centralized lending institution, only behind Tether and Galaxy.

Government Shutdown, White House Renovation: Who Is Footing the Bill for Trump's $300 Million “Private Banquet Hall”?

Ethereum Spot ETF saw a total net inflow of $134 million yesterday, with none of the nine ETFs experiencing net outflows.