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Bitcoin-Backed Loans Are Going to Get Way Cheaper Around the Globe: Ledn Co-Founder

Published

1 месяц ago

9 апреля, 2025

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The Trump administration’s friendliness toward the crypto sector is going to deeply change the bitcoin (BTC) lending market over the next four years.

That’s according to Mauricio Di Bartolomeo, co-founder of Ledn, a firm that specializes in providing digital asset loans.

“You’re going to see a Cambrian explosion of bitcoin-backed loans, because the rates are going to drop to a point that is going to make them competitive with home equity or personal lines of credit, or other types of instruments,” Di Bartolomeo told CoinDesk in an interview.

The kicker, he said, is that these rates will drop not just in the U.S. but for countries all around the globe, thanks to bitcoin’s nature as a digital asset. “Gold in a vault in Switzerland is not gold in a vault in Venezuela, but bitcoin in Colombia is bitcoin in Madrid is bitcoin anywhere in the world. As an underwriter, I have uniform collateral,” Di Bartolomeo said.

In practice, this means that investors from developing countries, who may not have the same kind of efficient financing opportunities as people in Western nations, will soon have a way to access what Di Bartolomeo called world-class financing at fair rates.

That’s because big banks are finally ready to wade into crypto lending, now that the U.S. Securities and Exchange Commission (SEC) has rescinded SAB 121, a controversial accounting rule that made it prohibitive for firms to custody crypto assets.

Historically, very few players have offered crypto lending services in the U.S., which has made the space relatively uncompetitive, according to Di Bartolomeo.

“It’s a seller’s market right now. We are lending out dollars fully collateralized at north of 12.5%, with zero losses over seven years. Banks are going to look at this and say ‘Wow, this is a great rate of return.’ One bank will come in with 12% interest. Another will do 10%. Another says 9%. So this is going to compress, and compress,” he said. “It will really benefit the consumer.”

Lending bitcoin

Born and raised in Venezuela, Di Bartolomeo entered the crypto sphere in 2014. Back then, the country was reeling from hyperinflation and Nicolás Maduro’s ascent to power. While most of Di Bartolomeo’s friends were focused on emigrating, his brother was benefitting from bitcoin mining thanks to the nation’s cheap energy.

The family got in on the business, then other acquaintances, but they were confronted with the issue of financing their operations — a single mining rig can cost thousands of dollars. Bitcoin miners residing in Canada also had the same issue, Di Bartolomeo (who studied in Ontario) discovered. That’s what pushed him to launch Ledn in 2018 with co-founder Adam Reeds.

“Miners had fees and expenses, and their revenue was in bitcoin. They wanted to keep a lot of their treasury as bitcoin, because of how well it was doing. They needed a tool that helped them keep their bitcoin while giving them the fiat they needed to pay things out,” Di Bartolomeo said.

Fast forward to 2025 and Ledn’s clients now have access to products that include bitcoin loans, bitcoin yield accounts, stablecoin growth accounts, and ether (ETH) backed loans — a basic wealth management toolkit, according to Di Bartolomeo. The loans also provide a tax efficient way of obtaining liquidity. Customers include high net-worth individuals that were early to Bitcoin, businesses and funds. Ledn has issued $9 billion in loans since inception.

Though it’s based in Canada, Ledn was one of the first lending companies to offer services in Spanish, which allowed the firm to establish a market in countries like Mexico, Colombia, Venezuela and Spain while other lenders — BlockFi, Voyager, Celsius, Genesis — were pushing to capture the U.S. market. When these lenders were wiped out in 2022, Ledn was one of the only firms left standing, and it grew in the U.S. organically.

Now, with big banks wading in, Di Bartolomeo believes the pie is about to get much larger, and that Ledn is well positioned to get a sliver of it.

“Ledn will have a seat at the table no matter how this shakes out, if we continue to do our job, and that’s what I’m very excited about. How big the seat is — you know, the table is going to be huge, and there’s going to be tons of food. As long as we’re in the room, we’ll be happy.”

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Bitcoin Nears Golden Cross Weeks After ‘Trapping Bears’ as U.S. Debt Concerns Mount

Published

12 часов ago

18 мая, 2025

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Bitcoin’s BTC price chart is echoing a bullish pattern that foreshadowed the late 2024 price surge from $70,000 to $100,000 amid mounting concerns over the sustainability of the U.S. debt.

The leading cryptocurrency by market value appears on track to confirm a «golden cross» in the coming days, according to charting platform TradingView. The pattern occurs when the 50-day simple moving average (SMA) of prices crosses above the 200-day SMA to suggest that the short-term trend is outperforming the broader trend, with the potential to evolve into a major bull run.

The moving average-based golden cross has a mixed record of predicting price trends. The impending one, however, is worth noting because it’s about to occur weeks after its ominous-sounding opposite, the death cross, trapped bears on the wrong side of the market.

A similar pattern unfolded from August through September 2024, setting the stage for a convincing move above $70,000 in early November. Prices eventually set a record high above $109K in January this year.

BTC's price chart: 2024 vs 2025. (TradingView/CoinDesk)

The chart on the left shows that BTC bottomed out at around $50,000 in early August last year as the 50-day SMA moved below the 200-day SMA to confirm the death cross.

In other words, the death cross was a bear trap, much like the one in early April this year. Prices turned higher in subsequent weeks, eventually beginning a new uptrend after the appearance of the golden cross in late October 2024.

The bullish sequence is being repeated since early April, and prices could begin the next leg higher following the confirmation of the golden cross in the coming days.

Past performance does not guarantee future results, and technical patterns do not always deliver as expected. That said, macro factors seem aligned with the bullish technical setup.

Moody’s amplifies U.S. debt concerns

On Friday, credit rating agency Moody’s downgraded the U.S. sovereign credit rating from the highest ”Aaa” to ”Aa1”, citing concerns over the increasing national debt, which has now reached $36 trillion.

The bond market has been pricing fiscal concerns for some time. Last week, CoinDesk detailed how persistent elevated Treasury yields reflected expectations for continued fiscal splurge and sovereign risk premium, both bullish for bitcoin.

Read: BTC Boom Likely as Bond Yields Surge

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XRP Price Surges After V-Shaped Recovery, Targets $3.40

Published

20 часов ago

18 мая, 2025

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Global economic tensions and regulatory developments continue to influence XRP’s price action, with the digital asset showing remarkable resilience despite recent volatility.

After experiencing a significant dip to $2.307 on high volume, XRP has established an upward trajectory with a series of higher lows, suggesting continued momentum as it approaches resistance levels.

Technical indicators point to a potential bullish breakout, with multiple analysts highlighting critical support at $2.35-$2.40 that must hold for upward continuation.

Technical Analysis Highlights

Price experienced a 3.76% range ($2.307-$2.396) over 24 hours with a sharp sell-off at 16:00 dropping to $2.307 on high volume (77.9M).
Strong support emerged at $2.32 level with buyers stepping in during high-volume periods, particularly during the 13:00-14:00 recovery.
Asset established upward trajectory, forming higher lows from the bottom, with resistance around $2.39 tested during 07:00 session.
In the last hour, XRP climbed from $2.358 to $2.368, representing a 0.42% gain with notable volume spikes at 01:52 and 01:55.
Price surged past resistance at $2.36 to reach $2.366, later establishing new local highs at $2.369 during 02:03 session on substantial volume (539,987).
Currently maintaining strength above $2.368 support level with decreasing volatility suggesting potential continuation of upward trajectory.

Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. This article may include information from external sources, which are listed below when applicable.

External References

«XRP price path to $3.40 remains intact — Here is why«, Cointelegraph, published May 16, 2025.
«XRP Price Watch: Bulls Eye $2.60 as Long-Term Trend Holds«, Bitcoin.com News, published May 17, 2025.
«XRP Price Explosion To $5.9: Current Consolidation Won’t Stop XRP From Growing«, NewsBTC, published May 17, 2025.

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SUI Surges After Finding Strong Support at $3.75 Level

Published

21 час ago

18 мая, 2025

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Global economic tensions and shifting trade policies continue to influence cryptocurrency markets, with SUI showing particular resilience.

The asset established a trading range of 4.46% between $3.70 and $3.86, finding strong volume support at the $3.755 level.

A notable bullish momentum emerged with price surging 1.9% on above-average volume, establishing resistance at $3.850.

The formation of higher lows throughout the latter part of the day suggests consolidation above the $3.775 support level.

Technical Analysis Highlights

SUI established a 24-hour trading range of 0.165 (4.46%) between the low of 3.700 and high of 3.862.
Strong volume support emerged at the 3.755 level during hours 17-18, with accumulation exceeding the 24-hour volume average by 45%.
Notable bullish momentum occurred in the 20:00 hour with price surging 7.2 cents (1.9%) on above-average volume.
Resistance established at 3.850 with higher lows forming throughout the latter part of the day.
Decreasing volatility in the final hours suggests consolidation above the 3.775 support level.
Significant buyer interest appeared between 01:27-01:30, forming a strong support zone at 3.756-3.760 with exceptionally high volume (over 300,000 units per minute).
Decisive bullish reversal began at 01:42, establishing a series of higher lows and higher highs.
Breakout above 3.780 occurred at 01:55, followed by consolidation near 3.785 with decreasing volume.