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 loading="lazy" 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="nofollow noopener" 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

Innehållsförteckning

Cryptopolitan_News

Andra artiklar publicerade 28 juli 2024

BREAKING: Popular Altcoin Reveals It Suffered a Major Hack Attack

BlackRock Records Significant Bitcoin ETF Inflows

Dogecoin Trader that Bought SHIB Early Says this Ethereum Token Will Rise 1,408% in 55 Days

Shiba Inu Could Surge to $0.0000259 Amid Bullish Signals

Bitcoin Experiences Volatility After Trump Speech

Pixelverse Co-Founder Spotlights Crypto Funding Hurdles in Blockchain Gaming

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!