Cantor Fitzgerald Plans Bitcoin Financing Business to Provide Leverage to Investors

(Bloomberg) -- Cantor Fitzgerald LP plans to launch a Bitcoin financing business to provide leverage to investors who own the cryptocurrency, deepening the investment bank’s growing ties to the digital assets sector.

Investment bank Cantor Fitzgerald is planning to launch a Bitcoin financing business to provide leverage to investors who own the cryptocurrency.

The company will allocate $2 billion to fund the business's lending activities at launch, Cantor said in a statement on Saturday. It will partner with select Bitcoin custodians to carry out the business.

Once the initial $2 billion is exhausted, Cantor will continue to increase its allocation to the business in further $2 billion increments, Cantor Chairman and Chief Executive Officer Howard Lutnick said at a Bitcoin-themed conference in Nashville, Tennessee.

Cantor is already a custodian for Tether Holdings, the issuer of the world's largest stablecoin, USDT, and has raised billions in financing for digital-asset companies including Bitdeer, TeraWulf, Riot Platforms and Cipher Mining.

The above is the detailed content of Cantor Fitzgerald Plans Bitcoin Financing Business to Provide Leverage to Investors. For more information, please follow other related articles on the PHP Chinese website!