Ledn $540 Million Lending Giant Drops Ethereum, Adopts Fully Custodied Bitcoin-Only Model Starting July 1

Ledn, a $540 million crypto lending firm, announced it will discontinue support for Ethereum and transition to a fully custodied, bitcoin-only model starting July 1, 2025. This strategic shift aims to simplify its product offerings and enhance security by focusing exclusively on bitcoin-backed loans. The move comes amid rising competition in the bitcoin-backed lending sector and follows a similar decision by Two Prime to drop Ethereum in favor of bitcoin-only services. Ledn will sunset its ETH and BTC Growth accounts as part of this transition, emphasizing its commitment to bitcoin as the future of cryptocurrency lending.

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