Mauricio explains that Ledn’s service is simple yet powerful. Bitcoin holders can use their cryptocurrency as collateral to secure dollar loans, much like borrowing against the value of a house.

JPMorgan Chase (NYSE:JPM) plans to offer loans secured by clients' cryptocurrency holdings, specifically Bitcoin and Ethereum ...

The collateral is typically more valuable than the actual loan. For example, a borrower may deposit $1,000 worth of Ethereum to take a $500 loan in USDT (a stablecoin).

The bank is reportedly considering allowing bitcoin and ethereum to back loans. Volatility in digital assets would make it a ...

Ledn offers several cryptocurrency lending products. Source: Ledn Interest rates for borrowers range from 11.4% to 13.4%, depending on the type of loan, according to Ledn’s website.

The Pittsburgh bank is working with the cryptocurrency platform to let PNC customers buy, sell and hold cryptocurrencies.

Crypto Loans: Crypto loans, on the other hand, utilize cryptocurrency holdings as collateral. Borrowers pledge their digital assets, such as Bitcoin or Ethereum, to secure the loan.

JPMorgan Chase plans to offer a lending service that allows clients to present their crypto holdings as collateral, a major offering yet to be finalized.