Ledn Seeks California Expansion Amid Crypto Lending Growth
- Ledn, a crypto lender, operates in over 130 countries and has applied for approval in California.
- The firm is among the largest centralized crypto lenders, accounting for part of $11.2 billion in outstanding loans.
- 90% of Ledn’s business involves lending U.S. dollars to Bitcoin holders, with loans starting at $500.
- Assets on Ledn’s platform have increased by 140% over the past year.
- The firm currently offers loans in 39 U.S. states but not yet in California or Tennessee.
Ledn aims to expand its services to California as it continues to grow globally, with a significant increase in assets and operations across numerous countries.
Source (2.6)https://decrypt.co/315283/ledn-ceo-california-expansion?rand=52368
