Cantor Fitzgerald to offer Bitcoin financing and lending solutions
Share link:In this post: Cantor Fitzgerald is starting a Bitcoin financing business with $2 billion to lend to Bitcoin investors. They’re serious about Bitcoin, with Chairman Howard Lutnick calling their existing holdings a “s***load.” The firm has experience in the crypto industry, working with Tether and hosting a crypto conference.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We st
Wall Street’s Cantor Fitzgerald has announced that it’s starting a Bitcoin financing business so they can give investors leverage on their Bitcoin holdings.
They’re kicking this off with a hefty $2 billion to back the operation, and they plan to grow it even more. Howard Lutnick, the Chairman of Cantor Fitzgerald, put it plainly:
“Cantor Fitzgerald arranges and finances vast amounts of securities and commodities. As strong supporters of Bitcoin, we’re building a platform to support Bitcoin investors’ financing needs.”
He added that they’re excited to bridge the gap between traditional and decentralized finance.
Starting strong with Bitcoin financing
The idea behind Cantor Fitzgerald’s new venture is simple: offer leverage to Bitcoin holders. This means investors can borrow money against their Bitcoin, which could help them invest even more without selling their assets.
When Lutnick spoke about the company’s existing Bitcoin stash, he referred to it as a “s***load.” Cantor Fitzgerald isn’t a newbie in the crypto industry. They’ve been doing business with Tether, handling U.S. Treasury trades for them.
Last year, they even hosted a Crypto & Disruptive Finance Conference. It featured industry experts discussing all sorts of crypto-related topics, from tokens and Web3 to stablecoins, Bitcoin mining, and NFT.
Lutnick said that Cantor Fitzgerald’s goal is to “unlock Bitcoin’s full potential.” To get the Bitcoin financing business off the ground, the company plans to work with select Bitcoin custodians.
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.
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