Bitcoin. Gold.
The stablecoins
the world runs on.
Trade instantly between the world's hardest assets and the dollar rails that move them. One transparent 0.5% spread; no commissions, no hidden fees. 24/7, backed by an eight year track record of protecting client assets.
4.4 on Trustpilot - 1,000+ verified reviews
$11B+ in loans funded since 2018
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10
Trading pairs
0.5%
All-in spread, no commission
8 yrs
Perfect track record
24/7
Including weekends
The Assets
Everything you need to build and manage generational wealth
Hold and trade between the two hardest assets in human history - and the stablecoins the world runs on.
BTC
Bitcoin
21 million cap. The first asset with mathematically provable scarcity. The foundation every Ledn account is built on.
XAU₮
Gold
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Each XAU₮ token represents one fine troy ounce of physical gold held in Swiss vaults. 5,000 years of monetary credibility: now as a digital token.
USD₮
Digital Dollars
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Tether's US dollar-backed stablecoin with the largest market cap among USD stablecoins. A fully-fungible dollar alternative for loan disbursements and repayments on Ledn.
USA₮
Digital Dollars
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Tether's US regulated stablecoin designed for the internet age. A USD-referenced stablecoin used for settlement and transfers.
USDC
Digital Dollars
Circle's fully-reserved, regulated USD stablecoin. The original stablecoin rail for Ledn loans; transparent, widely accepted, and deeply liquid.
The Philosophy
Hard money, rebuilt for digital rails
Stablecoins did something remarkable: they took the dollar off the banking system and put it on digital rails — making it portable, programmable, and available everywhere, 24/7. Gold is next.
For 5,000 years, gold required vaults, brokers, and slow settlement. XAU₮ is designed to represent an interest in allocated physical gold held by the issuer — tradeable and accessible from anywhere, on a Sunday night.
Bitcoin is the digital native. Gold is the physical analog. Stablecoins are the operational rails. Together on Ledn, you have the complete hard money portfolio — with 21st century operational efficiency and eight years of custody you can verify.
For 5,000 years, gold required vaults, brokers, and slow settlement. XAU₮ is designed to represent an interest in allocated physical gold held by the issuer — tradeable and accessible from anywhere, on a Sunday night.
Bitcoin is the digital native. Gold is the physical analog. Stablecoins are the operational rails. Together on Ledn, you have the complete hard money portfolio — with 21st century operational efficiency and eight years of custody you can verify.
Bitcoin — Digital scarcity
21 million cap. No counterparty. Non-sovereign.
Gold (XAU₮) — Physical scarcity, digital rails
5,000 years of monetary credibility. Lower volatility than bitcoin means larger drawdowns can be dampened — a smoother ride without abandoning the hard-money thesis. Each token backed 1:1 by gold in Swiss vaults.
USD₮, USA₮ & USDC — Digital dollars
The operational layer. Receive loan proceeds, make repayments, and deploy capital without selling your hard assets. Three stablecoin rails so you always have a match for your counterparty.
Why Trade on Ledn
The same custody standards that protect $11B+ in loans
Every trade settles inside your Ledn Transaction Account — backed by the same institutional custody that has protected client assets without a single loss since 2018.
A perfect track record of protecting client assets
The same disciplined principles that have weathered every market cycle are applied consistently across all assets.
0.5% spread — that's your all-in cost
One transparent number. No commission on top, no maker/taker tiers, no withdrawal fees. Most exchanges charge 0.6–2%+ when you factor in fees and spreads. On Ledn, 0.5% is the whole story.
24/7 — including weekends
Bitcoin and gold markets don't close. Ledn doesn't either. Rebalance, adjust risk, or rotate to stablecoins the moment volatility moves — not when your broker opens on Monday.
Directly connected to loans
Trade into USD₮, USA₮, or USDC without leaving the platform. Your stablecoin rails are in place for a bitcoin-backed loan the moment you need one — no separate transfer required.
How Ledn Compares
0.5% all-in. Trading costs may vary across platforms depending on fees, spreads, and trading volume.
Popular exchanges bundle fees and spreads in ways that make the true cost hard to calculate. Ledn's spread is the only number you need.
| Ledn | Coinbase Advanced | Kraken Pro | Gemini ActiveTrader | |
| All-in trading cost | 0.5% flat spread | 0.60% taker (entry tier)¹ | 0.40% taker (entry tier)¹ | 1.20% taker (entry tier)¹ |
| Fee structure | One transparent spread | Tiered maker/taker | Tiered maker/taker | Tiered maker/taker |
| Taker fee range (entry → top tier) | None on top of spread | 0.60% → 0.05% | 0.40% → 0.05% | 1.20% → 0.02% |
| Custody | Yes — never lent out for interest | Custodial; majority cold storage, segregated² | Exchange custody; segregated² | Qualified custodian (NY Trust); segregated² |
| Proof of Reserves | Published bi-annually | No exchange-wide PoR³ | Published (Merkle-tree) | Published (monthly) |
| Bitcoin-backed loans | Native, 6-hr funding, same account | Via third-party (Morpho/cbBTC, onchain)⁴ | Yes — Flexline⁴ | Not available to retail⁵ |
| Gold trading | 3 XAU₮ (Tether Gold) pairs | PAXG only — no XAU₮⁶ | PAXG only — no XAU₮⁶ | PAXG only — no XAU₮⁶ |
| Trade directly into loan collateral | Same account | Separate transfer needed | Separate transfer needed | Separate transfer needed |
| 24/7 weekend trading | Always on | Yes | Yes | Yes |
| SOC 2 Type 2 | Yes | Yes | Yes | Yes |
* Fee and spread estimates are based on publicly available information and typical retail-tier pricing as of June 2026 for crypto-to-crypto trades. Actual costs vary by volume tier, asset, and market conditions. This comparison is for informational purposes only. Ledn does not endorse any third-party platform.
How it Works
Three steps. Any pair. Any time.
Trading on Ledn is built into your existing account — no separate exchange
1.
Fund your account
Deposit BTC, gold (XAU₮), USD₮, USA₮, or USDC directly into your Ledn Transaction Account. Every asset is held in institutional custody from the moment it arrives.
2.
Select your pair
Choose from any of the 10 available trading pairs. Receive an instant, locked quote — the price shown is the price you pay. No spread surprises after confirmation.
3.
Trade instantly
Confirm and the trade settles immediately in your Transaction Account. No withdrawal. No custody transfer. Your newly received asset is live in your account right away.
Explore all 10 trading pairs
Trade between any combination of our five supported assets — instantly and without fees.*
BTC / USD₮
Bitcoin· USD₮
BTC / USDC
Bitcoin · USDC
BTC / Gold
Bitcoin · XAU₮
BTC / USA₮
Bitcoin · USA₮
Gold / USD₮
XAU₮ · Tether
Gold / USDC
XAU₮ · USDC
Gold / USA₮
XAU₮ · USA₮
USD₮ / USA₮
Stablecoin pair
USD₮ / USDC
Stablecoin pair
USA₮ / USDC
Stablecoin pair
*Availability varies by jurisdiction
Built on eight years of trust
A track record built over eight years of operation
Not claims. Not promises. Numbers that speak for themselves — verifiable, audited, and published.
$11B+
In Bitcoin-backed loans funded since 2018
Zero
Client asset losses across eight years of operation
47,000
Loans funded since
inception
Proof of reserves
Open book report published quarterly
Ready to Unlock Your Asset's Potential?
10 trading pairs
0.5% spread, no commission
Institutional custody
24/7 trading
100+ countries
Frequently asked questions
What assets can I trade on Ledn?
You can trade across Bitcoin (BTC), Tether Gold (XAU₮), USD₮, USDC, and USA₮ — giving you 10 integrated pairs in one platform.
What is the fee to trade?
Ledn charges a transparent 0.5% spread on all trades for BTC and XAU₮. For stablecoin pairs, the spread is 0.1%. No hidden fees, no fine print.
How quickly does a trade execute?
Trades execute instantly on-platform. There's no need to go through an external exchange or wait for funds to settle.
Why would I trade stablecoins for XAU₮ instead of buying gold elsewhere?
Trading on Ledn means your gold is already inside your account and ready to use — no deposits, no transfers, no delays. It's the fastest way to get exposure to gold if you're already holding stablecoins on Ledn.
Can I trade back from XAU₮ to stablecoins or Bitcoin at any time?
Yes. You can trade between any of the supported assets at any time directly in your Ledn account.
Is there a minimum trade size?
Ledn supports trades from $50 — so you can rebalance your portfolio without needing large minimums.
Are my assets safe while they're held on Ledn?
Ledn uses custody and risk management controls designed to safeguard client assets. However, digital asset services involve risks, including custody, operational, market, and counterparty risks. You can find out more in our Disclaimers and Risk Disclosure sections.
Am I eligible to use these products?
Eligibility depends on your country of residence. Ledn’s trade products are not available in all jurisdictions. Check product availability here >
Footnotes
1. Fees are entry-tier (0–$10K 30-day volume) taker fees, the relevant tier for most retail users, as of May 2026. Coinbase Advanced, Kraken Pro, and Gemini ActiveTrader are order-book venues with no built-in spread markup; their simple/instant retail interfaces add a separate spread. High-volume tiers fall to the right-hand figure in the "fee range" row.
2.Coinbase, Kraken, and Gemini hold retail assets in segregated custody and contractually do not lend/rehypothecate them without opt-in consent. LEDN's distinction is that no portion is ever lent out for interest.
3.Coinbase declines a company-wide Proof of Reserves (cites audited public-company financials); it publishes asset-specific PoR for wrapped tokens (cbBTC, etc.) only.
4.BTC-backed borrowing exists but is third-party/onchain (Coinbase via Morpho) or a separate loan product (Kraken Flexline) — not native to the trading account with LEDN's 6-hr funding.
5.Gemini offers margin only to institutional/ECP-qualified customers (Moonbase), not mainstream retail.
6.PAXG (Pax Gold) is tradable on all three; none list XAU₮ (Tether Gold) pairs.
1. Fees are entry-tier (0–$10K 30-day volume) taker fees, the relevant tier for most retail users, as of May 2026. Coinbase Advanced, Kraken Pro, and Gemini ActiveTrader are order-book venues with no built-in spread markup; their simple/instant retail interfaces add a separate spread. High-volume tiers fall to the right-hand figure in the "fee range" row.
2.Coinbase, Kraken, and Gemini hold retail assets in segregated custody and contractually do not lend/rehypothecate them without opt-in consent. LEDN's distinction is that no portion is ever lent out for interest.
3.Coinbase declines a company-wide Proof of Reserves (cites audited public-company financials); it publishes asset-specific PoR for wrapped tokens (cbBTC, etc.) only.
4.BTC-backed borrowing exists but is third-party/onchain (Coinbase via Morpho) or a separate loan product (Kraken Flexline) — not native to the trading account with LEDN's 6-hr funding.
5.Gemini offers margin only to institutional/ECP-qualified customers (Moonbase), not mainstream retail.
6.PAXG (Pax Gold) is tradable on all three; none list XAU₮ (Tether Gold) pairs.