bullish

2024

World

Bitcoin

Billionaire Howard Lutnick, the chairman and CEO of financial services firm Cantor Fitzgerald, announced the launch of a Bitcoin lending program at the Bitcoin 2024 conference on Saturday, July 27.&nbsp;
Lutnick took the stage to give his full-throated support for the cryptocurrency community. His fiery speech touched on everything from the death of his brother — alongside 658 other Cantor Fitzgerald employees, at the World Trade Center during the 9/11 terrorist attacks — to declaring both himself and his company Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>) supporters.
<h2 data-ct-non-breakable="true" id="bitcoin-lending">Bitcoin lending</h2>
The CEO then shifted matters to the announcement:
<blockquote data-ct-non-breakable="true">
 “Today I have an announcement to make. Cantor Fitzgerald is here to announce that we are launching a Bitcoin financing business. We will offer leverage to those who own Bitcoin. We are going to launch with $2 billion of lending.”
</blockquote>
While the details of the lending business haven’t yet been announced, Cantor Fitzgerald's $2 billion investment in the endeavor could serve as a bullish signal for other financial institutions and the market in general. 
In closing, Lutnick added that “the moral of the story is we are going to welcome Bitcoin into the financing family of the global financial market and Cantor Fitzgerald’s going to be your sponsor.”
Related: <a href="https://cointelegraph.com/news/cantor-fitzgerald-head-tether-reserves-they-have-money">Cantor Fitzgerald head on Tether reserves: ‘They have the money’</a>

Cantor Fitzgerald announces $2B Bitcoin financing business

Table of Contents

Cointelegraph

دیگر آرٹیکلز 27 جولائی، 2024 پر پبلش کیے گئے ہیں

MoonTON: Bridging the Gap for Blockchain Interoperability and Liquidity

Samson Mow Lists Six Bitcoin Ideas for Trump’s Nashville Speech

RFK Jr. Promises Strategic Economic Plan for Bitcoin if Elected

45.6 Million XRP Withdrawal Stuns Largest Crypto Exchange Binance

BTC Weekly Chart Hints at Significant Breakout; Crypto Expert Predicts Parabolic Rally to $88,500

Setting up a Development Environment for Blockchain

Join our free newsletter for daily crypto updates!