Cryptocurrency lender Ledn is shaking things up by shifting its focus solely to bitcoin, leaving ether in the dust. Ledn announced this strategic move on May 23, 2025, at 1:00 p.m., as part of its plan to simplify its product and concentrate on the leading cryptocurrency. The company, based in the Cayman Islands, aims to cater to the growing demand for bitcoin-centric services among the crypto community, particularly the “Bitcoin Maxis” who advocate for BTC as the superior digital asset.
According to co-founder Adam Reeds, the decision to transition to a bitcoin-only loan model is a return to Ledn’s core values and the essence of what inspired Bitcoin in the first place. By eliminating support for ether and ceasing asset lending for yield generation, Ledn is striving to minimize risks in its business operations. The company will ensure that bitcoin collateral for loans is held securely either by Ledn itself or its trusted partners. In a bold move, Ledn is breaking away from the conventional financial practice of leveraging client assets repeatedly, a practice that Bitcoin enthusiasts like Reeds find unappealing.
Despite the challenges faced by the cryptocurrency lending industry during the crypto winter of 2022, Ledn managed to weather the storm and emerge stronger. With a simplified product offering and a favorable regulatory environment for crypto in the U.S., Ledn is now aiming to revive the BTC-backed lending sector. Co-founder Mauricio Di Bartolomeo expressed optimism about the company’s prospects in a recent interview with CoinDesk, highlighting the potential for growth and innovation in the evolving crypto landscape. Ledn’s bold move to focus exclusively on bitcoin signals a new chapter for the company and reflects its commitment to meeting the changing needs of the crypto community.
