Ledn's John Glover Discusses $1.6B Loan Feat, Celsius Refinancing, and Institutional Growth

Crypto lending platform Ledn recently reported a big milestone for 2024, processing $1.67 billion in loans by the end of the third quarter (Q3).

Ledn said the loan portfolio comprised $258.7 million in retail and $1.41 billion for institutional clients. The retail growth was attributed to the Celsius refinancing program, the approval of crypto ETFs, and reduced market volatility.

In an exclusive interview with CryptoNews, John Glover, Ledn’s Chief Investment Officer, discussed the factors driving this growth, institutional demand, and the company's risk management approach.

Retail Loan Growth Driven by Celsius Refinancing Program And Institutional Loan Expansion

Ledn’s success in its Celsius refinancing program has emerged as a cornerstone of the company’s retail growth strategy.

The program’s impact became evident when Ledn successfully refinanced nearly two-thirds of the eligible Celsius loan book, providing a lifeline to clients who might otherwise have been forced to liquidate their assets during bankruptcy proceedings.

This week, we're rolling out Partial Loan Repayments for Ledn loans