Lantern Finance now supports trading for ADA and XDC
Lantern Finance now supports trading for Cardano (ADA) and XDC Network (XDC). Buy, sell, and hold ADA and XDC directly inside Lantern, then use them as loan collateral without ever leaving the platform.
By Lantern Finance
Two more assets just went live in Lantern Trading
Starting today, you can buy, sell, and hold Cardano (ADA) and XDC Network (XDC) directly inside Lantern, next to your cash and the rest of your portfolio.
Both are already eligible loan collateral. So anything you buy can turn around and back a loan without ever leaving the platform.
What you can do with them
Buy ADA or XDC with the fiat sitting in your Lantern account
Sell back into fiat whenever you want
Hold either in BitGo qualified custody, free
Trading Fees and Limits
Trading fee: 1.00% on buys and sells
Daily buy limit: $25,000
Monthly buy limit: $500,000
Daily sell limit: $100,000
Trading and custody are currently unavailable for New York, Vermont residents and business users.
Read the guide on how trading and custody works: https://lantern.finance/blog/how-trading-and-custody-works-on-lantern
Why these two assets
We ask traders what we're missing, and ADA and XDC have been near the top of that list all year.
Cardano (ADA) has held a top-10 spot by market cap for most of the last 5 years, and its holders sit on their positions longer than almost any other community in crypto. That's exactly the profile we built for.
XDC Network (XDC) is the one people don't expect to find on a US platform. It's an EVM-compatible chain built around trade finance, with most of its real usage in tokenized invoices and bills of lading. It's also ISO 20022 compatible, which matters enormously to the people who hold XDC and roughly not at all to everyone else. (If you know, you know.)
Buy it, then borrow against it
Say you buy ADA inside Lantern. It lands in your Lantern trading wallet, where you can withdraw it to your Lantern loans account and use it as collateral, without moving it to another platform.
You apply, pick your LTV, and the dollars hit your bank account the same day. USDC and RLUSD land same-day at any hour, weekends included.
Run the numbers
Or call or text us at (415) 365-0100.
