Ledn Drops Ethereum, Embraces Bitcoin-Only Custody Model
- Ledn will stop Ethereum support on July 1, 2025, shifting to a bitcoin-only lending and custody model.
- The platform ends yield-generating services, opting for a 1:1 bitcoin custody system to reduce client risk.
- The change responds to rising BTC loan demand and regulatory pressure, distancing from altcoins and risky lending.
On May 23, 2025, crypto lender Ledn confirmed it will stop supporting Ethereum (ETH) and shift entirely to a bitcoin-only lending model. The move takes effect on July 1, 2025, and comes as part of a broader strategy to simplify services and minimize risk.
Ledn stated that it will no longer use client assets to generate yield. Instead, it will adopt a full custody model. This approach means users’ bitcoin will either remain in direct custody or with trusted custody partners, removing intermediaries and lending loops from the process.
The decision reflects Ledn’s response to rising competition in the BTC-backed loan sector. It also signals the company’s commitment to reduce client exposure to lending risks that led to past collapses in the crypto lending space.
Ledn Overhauls Model: Full Custody for Bitcoin, No More Client Asset …
The post Ledn Drops Ethereum, Embraces Bitcoin-Only Custody Model appeared first on Coin Edition.
Read More
Bitcoin Rises Past $107K as FHFA's Pulte Orders Crypto Consideration in Mortgage Applications
Ledn Drops Ethereum, Embraces Bitcoin-Only Custody Model
- Ledn will stop Ethereum support on July 1, 2025, shifting to a bitcoin-only lending and custody model.
- The platform ends yield-generating services, opting for a 1:1 bitcoin custody system to reduce client risk.
- The change responds to rising BTC loan demand and regulatory pressure, distancing from altcoins and risky lending.
On May 23, 2025, crypto lender Ledn confirmed it will stop supporting Ethereum (ETH) and shift entirely to a bitcoin-only lending model. The move takes effect on July 1, 2025, and comes as part of a broader strategy to simplify services and minimize risk.
Ledn stated that it will no longer use client assets to generate yield. Instead, it will adopt a full custody model. This approach means users’ bitcoin will either remain in direct custody or with trusted custody partners, removing intermediaries and lending loops from the process.
The decision reflects Ledn’s response to rising competition in the BTC-backed loan sector. It also signals the company’s commitment to reduce client exposure to lending risks that led to past collapses in the crypto lending space.
Ledn Overhauls Model: Full Custody for Bitcoin, No More Client Asset …
The post Ledn Drops Ethereum, Embraces Bitcoin-Only Custody Model appeared first on Coin Edition.
Read More