Financial institutions are flocking to Bitcoin-based lending as BTC gains increasing acceptance among investment managers and fiat rates tighten. 🔥

- Institutional investors have poured billions into BTC ETFs following approval by US regulators in January.

- Ledn processed $1.16 billion in crypto loans in the first half of 2024, mostly to financial institutions, with interest rates as high as 10% APR.

- Loan rates range from 11.4% to 13.4%, depending on the type of loan.

The BTC-based lending market has about $8.5 billion in loans and is expected to grow to $45 billion by 2030. 📈

- Ledn competes with platforms like Arch, Salt, and DeFi services like Aave.

- Companies like Coinbase Custody Trust, Fidelity Digital Asset Services, and PayPal Digital are also entering the market.

What do you think about this trend? Comment now! 💬