Crypto lending platform Ledn processed $690 million in crypto loans in the first quarter
According to a report by cryptocurrency lending platform Ledn, over $690 million worth of cryptocurrency loans were provided in the first quarter, setting a record since its launch in 2018. Ledn processed $584 million in loans for institutions and over $100 million in loans for retail. Institutional loans grew nearly four times compared to the $125.7 million issued in Q4 2023, while loans issued to retail grew about seven times from the previous quarter's $14.6 million.
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