On Saturday one of the larger traditional finance (TradFi) prime brokers, Cantor Fitzgerald, announced plans to launch a Bitcoin financing business for those that want to borrow against their crypto.
“Cantor Fitzgerald arranges and finances vast amounts of securities and commodities and, as strong supporters of Bitcoin, will now build an incredible platform to support Bitcoin investors’ financing needs,” said Howard Lutnick, Chairman of Cantor Fitzgerald. “We are excited to help unlock Bitcoin’s full potential and continue bridging the gap between traditional finance and digital assets.”
The firm will start with a lending pool of $2 billion and ratchet it up in $2 billion increments. It’s amongst the first large prime brokers to get involved in the sector, particularly to offer lending against spot Bitcoin.
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