Ledn, a crypto lending platform, processed more than $1.16 billion in digital assets in the first half of 2024.

Events such as the recent Bitcoin halving and the launch of an Ethereum ETF in Asia contributed to increased demand for the company's services in the second quarter.

The platform recorded retail lending growth of 29.8% in the second quarter, reaching $85 million.

North America led the way in retail loans with $17.6 million, followed by Latin America.

CEO Adam Reeds noted that Ledn is now likely responsible for more than 50% of retail loans, indicating growing confidence in digital assets.

Co-founder Mauricio Di Bartolomeo said the crypto lending sector is recovering thanks to spot Bitcoin ETFs and the return of assets to creditors from bankrupt companies.