Crypto Lending Hits a Billion Bucks: Ledn’s Bold Bull Market Bonanza! 😎💰

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Oh, darling, it seems the crypto crowd is quite the borrow-happy lot these days. Ledn, that brave digital asset lender, has strutted onto the stage with a record-shattering quarter, doling out loans backed not by chintz but by good old Bitcoin. Who would’ve thought that borrowing against your shiny digital coins was the new black? 💃

In the third act, they’ve doled out a staggering $392 million in Bitcoin-backed loans-amazing, considering some folks still think the crypto thing is just a passing fancy. And with yearly totals galloping past the $1 billion mark, Ledn’s been quite busy, crossing oceans and over a hundred countries, issuing more loans than most playwrights’ careers. Total amount borrowed? Over a staggering $2.8 billion, darling! 🌍💸

And hold your lorgnette-annual recurring revenue clocks in at a cool $100 million, proving once again that in the world of crypto, wealth isn’t just a mood; it’s a business model.

They provide loans so secure you’d think Fort Knox was involved-fully collateralized with Bitcoin, kept in custody like a treasured heirloom. Rest assured, their reserves are verified by independent third parties-because even in high society, nothing’s more scandalous than a bit of fakery.

As our dear crypto correspondent CryptoMoon once gossiped, Ledn dumped Ethereum lending earlier this year-clearly a purist, focussing solely on Bitcoin’s supremacy. 🎩

A report by Galaxy Research-no, not a cosmic voyage, but close-places Ledn among the top three CeFi lenders, alongside Tether and Galaxy. Together, these titans corner almost 89% of that market, because, darling, when it comes to crypto, monopoly is the new black.

Bitcoin Loans in Bloom as the Bull Roars

Bitcoin’s leap beyond $100,000 has turned holders into old money in a flash, prompting many to borrow rather than sell-“Why cash out when you can just borrow against your gains?” seems to be the motto. According to Osler, Hoskin & Harcourt LLP, the market for Bitcoin-backed loans is set to swell to a dazzling $45 billion by 2030, up from just $8.5 billion today. Such growth-stunning or scandalous, depending on your perspective! 📈

Wall Street is catching the fever, too. Earlier this year, Cantor Fitzgerald made its debut in crypto lending with a lively deal alongside Maple Finance and FalconX, proving that the City isn’t just for hot air and champagne anymore. They’re backing their bets with an initial $2 billion-because why not splash a little cash when the crypto tide is so high?

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2025-10-27 20:30