Ledn’s retail loans surge 225% amid rising digital asset demand
Ledn processed $506 million in loan transactions in Q3, with $437.7 million issued to institutional clients and retail loans increasing 225% year-over-year to $68.9 million. The rise in retail loans is attributed to the Celsius refinancing program, crypto ETF launches, and reduced market volatility. Year-to-date, Ledn has facilitated $1.67 billion in loans, with $258.7 million for retail and $1.41 billion for institutions. Demand for digital asset-backed lending is driven by tighter monetary policies and competition for dollar-based funding. Macroeconomic factors like inflation and economic uncertainty also contribute to this demand. Institutional borrowing surged in July, coinciding with SEC approval of Ethereum ETFs. The market anticipates the upcoming US elections as a potential catalyst for Bitcoin price increases.
