They started that way. 

I am a fan of their story and they are based in Toronto. At least they were when they launched, not sure now. I want to root for them but I also don’t want to lose my bitcoin because their crypto fund blows up due to the next trendy shitcoin. Not saying it will but there is a risk. 

Eventually all the big banks will custody Bitcoin and lend against it. 

grayruby

I was surprised too when I looked at the Ledn web site. I thought they were bitcoin only. 

siggy47

bitcoin

The Future Of Bitcoin Lending?

I have used Ledn for a B2X loan. You post bitcoin as collateral and they lend you the money to double it. I did it during the bear market but closed it out early when they merged with a crypto fund and made some changes to the accessibility for Canadian users. I was a big fan of theirs and they have managed to stick around since then but it troubles me that they are connected to this crypto fund. Seems like blockfi to me where they will custody the bitcoin for the loan but then lend it out to their fund to trade with. 