Crypto Lending Platform Ledn Quarter 1 Processes 690 million Dollar Crypto Loans

Crypto lending platform Ledn reported that Quarter 1 offered more than $690 million in cryptocurrency loans, a record since its launch in 2018. Ledn processed $584 million in loans for institutions and more than $100 million for retail. Institutional loans increased nearly fourfold compared to $125.70 million issued in the fourth quarter of 2023, while loans issued to retail increased about sevenfold from $14.60 million in the previous quarter.