Bitcoin

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.&nbsp;
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:
<blockquote>
 “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.”
</blockquote>
He added that they’re excited to bridge the gap between traditional and decentralized finance.
<h3 id="b-starting-strong-with-bitcoin-financing-b">Starting strong with Bitcoin financing</h3>
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.
<figure id="attachment_561374" aria-describedby="caption-attachment-561374" style="width: 100%" class="wp-caption alignnone"><img fetchpriority="high" decoding="async" class="wp-image-561374 size-full" src="https://www.cryptopolitan.com/wp-content/uploads/2024/07/Cantor-Fitzgerald-to-offer-Bitcoin-financing-and-lending-solutions.avif" alt="Cantor Fitzgerald to offer Bitcoin financing and lending solutions" width="2112" height="1188" srcset="https://www.cryptopolitan.com/wp-content/uploads/2024/07/Cantor-Fitzgerald-to-offer-Bitcoin-financing-and-lending-solutions.avif 2112w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/Cantor-Fitzgerald-to-offer-Bitcoin-financing-and-lending-solutions-300x169.avif 300w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/Cantor-Fitzgerald-to-offer-Bitcoin-financing-and-lending-solutions-1200x675.avif 1200w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/Cantor-Fitzgerald-to-offer-Bitcoin-financing-and-lending-solutions-768x432.avif 768w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/Cantor-Fitzgerald-to-offer-Bitcoin-financing-and-lending-solutions-1536x864.avif 1536w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/Cantor-Fitzgerald-to-offer-Bitcoin-financing-and-lending-solutions-2048x1152.avif 2048w" sizes="(max-width: 2112px) 100vw, 2112px">
 <figcaption id="caption-attachment-561374" class="wp-caption-text">
 Howard Lutnick. Credits: Danny Nelson/CoinDesk
 </figcaption>
</figure>
Last year, they even hosted a Crypto &amp; 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 <a href="https://www.prnewswire.com/news-releases/cantor-fitzgerald-to-launch-bitcoin-financing-business-302208093.html" rel="noopener noreferrer nofollow" target="_blank">said</a> 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.

Cantor Fitzgerald to offer Bitcoin financing and lending solutions

Table of Contents

Cryptopolitan_News

Muita 28. heinäk. 2024 julkaistuja artikkeleja

Trump Fuks Kamala (TRUMPKAM) Solana Memecoin Will Surge 19,000%, As SHIB and DOGE Underperform

Hong Kong legislator eyes Bitcoin for fiscal reserves

SEC Approves Grayscale’s New Bitcoin Mini Trust ETF for NYSE Listing, Introducing Lower Fees and ...

Hong Kong Responds to Bitcoin Strategic Reserve Idea After Donald Trump’s Speech

Why Are Whales Buying Up This AI Token Over Cardano (ADA) and Chainlink (LINK) This Weekend?

Grayscale Ethereum Trust ETF Sees $1.5 Billion Outflow Amid Volatile Market Trends

Join our free newsletter for daily crypto updates!