Crypto platform Ledn started talks to buy stake in BlockFi
The proposal involves a new round of funding in the amount of up to $400 million
01.07.2022 - 12:40
423
1 min
0
What’s new? Ledn, a crypto platform, has begun talks to buy a stake in BlockFi. The proposal would see Ledn lead a new funding round of up to $400 million, as well as contributing $50 million to BlockFi’s equity, Bloomberg reports, citing anonymous sources. ParaFi Capital, a venture capital firm, will also reportedly participate in the round.
What do the companies’ representatives say? Ledn and ParaFi declined to comment on the deal talks. However, Ledn CEO Adam Reeds noted that the company is currently looking for opportunities to expand.
Ledn is a Canadian-based digital asset lending and borrowing platform. It offers yields of up to 7,5% per annum for placing BTC and USDC stablecoins. The platform also provides bitcoin-backed loans with the B2X service. One of the company’s investors is Coinbase Ventures, which also invested in BlockFi.
The BlockFi platform provides lending and borrowing services, as well as an option to place deposits with interest accrual. On June 24, it became known that cryptocurrency exchange FTX was in talks to buy a stake in BlockFi. In addition, on June 21, FTX provided a $250 million loan to the platform.
Useful material?
Telegram 
Twitter Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Business
The company began investing in bitcoin in 2020, and since then, the value of its securities has risen by 1700%
Oct 30, 2024
Mining
The Deputy Energy Minister explained that in deficit regions, it is impossible to allocate large capacities for industry enterprises until 2030
Oct 30, 2024
Market
Customers will also be able to withdraw funds to bank accounts using cards
Oct 30, 2024
Cryptocurrency rates
-
Bitcoin
$68 868
BTC
+0.34%
-
Ethereum
$2 440.65
ETH
-0.76%
-
BNB Smart Chain
$570.25
BSC
-0.32%
-
Ripple
$0.514671
XRP
+1.86%
-
Dogecoin
$0.168267
DOGE
+11.5%
-
Cardano
$0.331061
ADA
+0.09%
-
Bitcoin Cash
$338.5
BCH
+1.34%
-
Polkadot
$3.83
DOT
+1.31%
-
Litecoin
$67
LTC
+0.99%
-
Stellar XLM
$0.092293
XLM
+1.62%