Figure Markets vs Ledn
Compare supported currencies, security, interest rates, fees, and customer service.
By Lantern Finance
In this article, we will explore the differences between Figure Markets and Ledn.
Currencies supported
Security
Interest Rates and Fees
Customer Service
Figure Markets | Ledn | |
CURRENCIES | ||
Bitcoin (BTC) | ✅ | ✅ |
Ethereum (ETH) | ✅ | ✅ |
Solana (SOL) | ❌ | ❌ |
Litecoin (LTC) | ❌ | ❌ |
Ripple (XRP) | ❌ | ❌ |
DOGE (DOGE) | ❌ | ❌ |
SECURITY | ||
Custody Partner | Self-custody through Multi-Party Computation (MPC) technology; private keys are distributed across a decentralized network | BitGo Trust Company |
Encryption for data | Not specified | AES-256 |
2FA | Supported; clients are encouraged to enable two-factor authentication as a secure practice | Yes |
Headquartered | 650 California Ste 2700, San Francisco, California, 94108, United States | VASP Registered with CIMA (Ledn Cayman SEZC Inc.) |
Collateral Management | No rehypothecation (they don't lend out borrower collateral); assets held in MPC wallets with distributed private key shards | Standard Loans: For these loans, Ledn has the right to lend the collateral to institutions to earn interest, which in turn, Ledn uses to lower the interest rate of these Standard loans. Custodied Loans: The collateral you post to secure your loan may only be re-posted by Ledn to a trusted institutional USD funding partner, such as a bank, credit fund or other corporate funding partner. |
INTEREST RATES AND FEES | ||
Annual Interest rates | 9.90% (11.00% APR) at 50% LTV OR 11.50% (12.62% APR) up to 75% | BTC: 10.4% ETH: 10.4% |
Loan-to-value ratio | BTC: 55% ETH: 55% | BTC: 50% ETH: 50% |
Margin Calls | 70% | Not specified |
Grace Period to add Collateral | 24 hours | Not specified |
Liquidation Fees | 1.50% | 2.00% |
Liquidation LTV | 85% | 80% |
Origination Fees | 1% | 2% 0% if US or Canada |
Late Repayment Fees | 1.50% | Not specified |
Loan Disbursement Duration | Same-day approval (terms and conditions may apply) | Within 24 hours of receiving collateral |
Repayment Options | USD or USDC | BTC, ETH, USDC, or via wire transfer. |
Early Repayment Penalties | No prepayment fees | No fees or penalties |
Fixed Term | 3 months | 12-months |
Number of active loans | No limit | No limit |
Minimum loan amount | $5,000 for domestic borrowers; no minimum for international borrowers | $1,000 |
CUSTOMER SERVICE | ||
Call Hotline | ✅ | ✅ |
❌ | ✅ | |
SMS | ✅ | ✅ |
