Crypto lending platform Ledn will terminate Ethereum support and switch to Bitcoin collateralized lending

BlockBeats News: On May 23rd, according to TheBlock, the cryptocurrency lending platform Ledn announced that it will terminate Ethereum support and interest bearing business, and fully switch to the Bitcoin collateralized lending model. Starting from July 1st, the platform will only provide "custodial Bitcoin lending" services, and customers' collateral assets will be fully custodial by Ledn or its partner institutions. Ledn will add Ethereum collateralized lending services in February 2024, and this adjustment means that both BTC and ETH 'growth accounts' will be closed simultaneously.