Ledn Platform, a crypto-focused fintech company, says that as Bitcoin (BTC) adoption increases and interest rates fall, more and more Financial Institution Groups are experimenting with Bitcoin mortgages. In the first half of 2024, Ledn processed about $1.16 billion in cryptocurrency loans, most of which came from Financial Institution Group, with annual yields of more than 10%.
The bitcoin mortgage market is currently around $8.50 billion and is expected to grow to $45 billion by 2030. Ledn competes with other bitcoin platforms such as Arch, Salt, and others, and will face challenges from financial services giants such as Cantor Fitzgerald. The space is growing rapidly as more regulated cryptocurrency custodians enter the market.
Financial Institutions Group Accelerates Exploration of Bitcoin Mortgage, Its Growth Is Rapid
2024-09-25 22:15:44
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