Reeds said the move brings the company back to its roots and aligns more closely with Bitcoin’s founding principles.“Bitcoin was created as a direct response to the risks of fractional reserve banking and unchecked use of client assets to generate interest,” said Reed, adding:“Traditional finance relies on constantly reusing client assets to create leverage and, ultimately, inflation.
Source: CointelegraphRelated: ‘Before Bitcoin, my most successful investment was shorting the Bolivar’ — Ledn co-founderDigital assets are disrupting TradFiBitcoin’s genesis block was mined in the wake of the global financial crisis in 2008, offering the world a sound money alternative to the inflation-prone fiat monetary system. Bitcoin now thrives within traditional finance, especially after the successful launch of spot exchange-traded funds (ETFs) in 2024.
That’s why we’ve moved away from this approach entirely. Reed told Cointelegraph that the company is ending support for Ether (ETH) as “part of a broader strategic shift,” as Bitcoin represents over 99% of Ledn’s client activity.“Rather than fragmenting the platform to chase marginal volume, we’re going all-in on Bitcoin and simplifying our stack to reflect what our clients actually value,” said Reed.
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