Crypto lending platform Ledn issued $506 million in loans in Q3, of which retail loans increased by 225% year-on-year

Crypto lending platform Ledn said it processed $506 million in loan transactions in the third quarter, with $437.7 million in loans issued to institutional clients during the period, while loans issued to retail clients increased 225% year-on-year to $68.9 million. The surge in retail loans was helped by the Celsius refinancing program, the launch of cryptocurrency ETFs, and a period of reduced market volatility. Ledn has processed $1.67 billion in loans so far this year, including $258.7 million in retail loans and $1.41 billion in institutional loans. Since its founding in 2018, Ledn has issued more than $6.5 billion in loans for the retail and institutional markets. (CryptoSlate)