Ledn ditches ETH, shifts to full custody model for Bitcoin loans

Ledn Shifts to Full Custody Model for Bitcoin Loans

In a significant shift in its business model, Ledn Inc., a leading digital assets financial service provider, has decided to ditch Ethereum and move towards offering a full custody model for Bitcoin loans.

Why the Shift?

With the increasing popularity of Bitcoin, financial institutions are rapidly adapting their strategies. Recognizing this trend, Ledn decided to focus on Bitcoin loans, thereby driving their growth trajectory in the digital assets market.

The Impact on Bitcoin

This move by Ledn illustrates the growing acceptance of Bitcoin as a financial asset and its potential for mainstream integration. The full custody model for Bitcoin loans allows borrowers to retain their Bitcoin while using it as collateral for loans. This not only increases the liquidity of Bitcoin but also bolsters its credibility in the financial sector.

Future Implications

With Ledn's shift to a Bitcoin-centric model, it is expected that other companies in the digital assets space may follow suit. This could lead to a higher demand for Bitcoin, further solidifying its position as the leading cryptocurrency.

With data from Bitcoinmeter.io, it is clear that the Bitcoin Fear and Greed Index is leaning towards greed. This means that market sentiment is optimistic and investors are likely to invest more in Bitcoin, further boosting its market cap.

The Fall of Ethereum

As Bitcoin's dominance grows, Ethereum, once considered the second most popular cryptocurrency, is being left behind. While Ethereum still has a significant market cap, the shift by Ledn signals a lack of confidence in its long-term viability as a financial asset. This could negatively impact Ethereum's price and adoption rate.

Disclaimer: This content is for informational purposes only and not financial advice. Investment in cryptocurrencies carries risk and you should only invest money that you can afford to lose. Always research and understand the nature of any investment before committing to it.