Loan Platform LEDN eliminates Ethereum Network’s cryptocurrency ether (ETH) support All operations will focus solely on Bitcoin (BTC). As of July 1, 2025, ETH will no longer be available to use as collateral on the platform.
This decision was conveyed by founders Adam Reed and Mauricio di Bartolomeo. Follow simplification and security strategies. “Bitcoin loans are what we do, what we do, and the only thing we do,” they said in their official announcement.
Currently, over 95% of LEDN customers already use BTC as a loan guarantee. Before that overwhelming preference, The company chose to match its value proposition with the most value of its users.
Furthermore, another important change is the complete elimination of institutional loans with client collateral. This is a practice that represents a significant amount of risk. LEDN will now ensure that guaranteed bitcoin will be exposed to this type of business. This eliminates the risk of institutional responses.
“We are committed to building the best loan platform that Bitcoin supports,” its founder concludes. With this play, LEDN appears to not only strengthen the identity around BTC, but also send implicit messages. Bitcoin and cryptocurrency are not the same.
At ETH, Cryptootics has widely reported in recent months that its market performance is mediocre when it is not disappointing. It is measured in dollars, but there have been some increases (far from the historic maximum), but the same does not happen when measured prices are seen in BTC.
As observed in the previous image, ETH prices have been declining constantly since 2021. It has shown a small rebound recently, but it’s insignificant compared to the fall it had.
This behavior is in contrast to the behavior of Bitcoin, which yesterday marked a new historical adage of nearly $12,000, on May 22, 2025.