Ledn expands support for loans collateralized by ETH to assist users affected by the Celsius bankruptcy

ChainCatcher news, according to The Block, the crypto lending platform Ledn has expanded support for loans collateralized by ETH, having previously only supported loans collateralized by Bitcoin.

It is reported that this expansion aims to assist victims with outstanding Ethereum loans in the Celsius bankruptcy, with the new product allowing users to lend Ethereum assets in a tax-advantaged manner, avoiding capital gains tax associated with selling cryptocurrencies.