Financial institutions are experimenting with Bitcoin-backed lending: Ledn

Lower interest rates and accelerating crypto adoption are spurring more financial institutions to try Bitcoin-backed lending. 

Financial institutions are foraying into Bitcoin-backed lending as Bitcoin (BTC) adoption gains steam among investment managers and fiat interest rates tighten, Ledn, a Bitcoin-backed lending platform, told Cointelegraph on Sept. 25.

Institutional investors have poured billions of dollars into spot BTC exchange-traded funds (ETFs) after United States regulators cleared the cryptocurrency funds for trading in January. 

“[M]ajor institutions are now going beyond ETFs to focus on Bitcoin-backed lending,” Ledn said. 

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Lower interest rates and accelerating crypto adoption are spurring more financial institutions to try Bitcoin-backed lending. 
Financial institutions are foraying into Bitcoin-backed lending as Bitcoin (BTC) adoption gains steam among investment managers and fiat interest rates tighten, Ledn, a Bitcoin-backed lending platform, told Cointelegraph on Sept. 25.Institutional investors have poured billions of dollars into spot BTC exchange-traded funds (ETFs) after United States regulators cleared the cryptocurrency funds for trading in January. “[M]ajor institutions are now going beyond ETFs to focus on Bitcoin-backed lending,” Ledn said. Read more