Ledn ditches ETH, shifts to full custody model for Bitcoin loans

Ledn has decided to cease lending client assets and focus exclusively on fully collateralized Bitcoin lending. This move is designed to align company practices with the fundamental principles of Bitcoin, eliminating risks associated with traditional financial models.

With more than 99% of activities related to Bitcoin, Ledn co-founder Adam Reeds emphasizes a strategic shift to reflect client preferences. By consolidating services, the firm aims to strengthen its focus on Bitcoin and better safeguard client assets.

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