Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Galaxy Report: Tether, Galaxy, and Ledn account for nearly 90% of CeFi outstanding loans

Galaxy Report: Tether, Galaxy, and Ledn account for nearly 90% of CeFi outstanding loans

CointimeCointime2025/04/15 13:00
By:Cointime

according to CoinDesk, a report from GalaxyResearch stated that the size of the encrypted lending market in the fourth quarter of 2024 was $36.5 billion, a 43% decrease from the peak of $64.4 billion during the bull market in 2021. Tether, Galaxy, and Ledn hold nearly 90% of the $11.2 billion in outstanding loans from centralized lending institutions in CeFi. CeFi loans have decreased by 68% from the peak of $34.8 billion in early 2022.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

CandyBomb x CNPY: Trade to share 75,000 USDC

Bitget Announcement2026/09/08 13:00

New spot margin trading pair — CP/USDT, SOPH/USDT!

Bitget Announcement2026/09/08 11:00

Futures elite trader leaderboard fully upgraded

Bitget Announcement2026/09/08 03:06

Bitget to list Pons (PONS)

Bitget Announcement2026/09/07 11:00