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Crypto lender Ledn issues $1.16 billion worth of loans in first half

Crypto lending platform Ledn said Thursday that it processed more than $1.16 billion in digital asset loans in the first half of 2024. Events such as the recent bitcoin halving and the launch of an Ethereum ETF in Asia fueled growing demand for the company's services in the second quarter. Of the total $1.16 billion in loans, institutional client loans accounted for $969 million.