Are you interested in finding out more about the Ledn Crypto platform and is this really one of the best ways to keep your coins on deposit for earning interest without having to put them at risk by trading? Starting in the year 2020, the size of the cryptocurrencies market has grown from about 193 billion USD and ended January of 2021 at more than a trillion dollars in market capitalisation. This phenomenal expansion and development of the industry has brought about a sharp rise in the demand of yield generating products for crypto holders who do not wish to put their coins at risk at trading but would like to earn good yields simply by holding onto them.
The Ledn Crypto platform has emerged as one of the strongest choices for crypto investor to earn yield from their holdings. it provides them with a good avenue to put their crypto to good uses. These uses are numerous, ranging from being able to obtain credit, earning interest, to being able to purchase additional crypto assets with their existing holdings in order to diversify their holdings further.
What Are The Current Ledn Crypto Rates?
At the time of writing, the platform is offering highly competitive rates with both direct and decentralised competitors. Their products are mainly centred around offering returns on BTC and USDC.
What Is The Background Of Ledn Crypto?
Founded in August 2018 by Adam J. Reeds and Mauricio Di Bartolomeo, Ledn Crypto is based out of Toronto, Canada. The company has had 5 funding rounds till date, the biggest one being the $30 million Series A raise in May of 2021 led by London-based Kingsway Capital.
What Are The Main Advantages Of Using Ledn Crypto?
- Users do not have to deal with the problems associated with smart contract risks while gaining the ability to provide fiat currency loans collateralised with cryptocurrency
- Earn a competitive return on major cryptocurrencies as an alternative to decentralised lending platforms
- Ledn Crypto's deposits are lent to Genesis Capital, a highly established digital assets lending company, for the generation of yield. Users know exactly where their funds are going and that they are in reliable hands at all times
- Platform can be accessed using any internet browser on mobile and desktop, and also on their native app supported on both Android and iOS.
- Any user funds that aren’t rehypothecated to Genesis are custodied an insured institutional crypto custodian BitGo...