Wall Street's Cantor Fitzgerald to Open Bitcoin Financing, Lending Business

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Danny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.

NASHVILLE — Financial services firm Cantor Fitzgerald will open a bitcoin financing business, CEO Howard Lutnick said at the Bitcoin Conference Saturday.

"We are going to launch with $2 billion in lending," Lutnick said, and increase the facility in $2 billion tranches as needed. He later added:"We are going to welcome bitcoin into the financing family of the global financial markets."Cantor Fitzgerald's new lending facility isn't its first step into crypto; It already does business with stablecoin issuer Tether. The firm additionally owns a"s***load" of bitcoin, Lutnick said.

Cantor Fitzgerald is well known on Wall Street as one of the world's biggest bond brokerages and already handles U.S. Treasury trading with the biggest stablecoin issuer, Tether.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Most of Wall Street leaps in a widespread rally, from big stocks to smallWall Street rallied after encouraging reports on inflation and on strong profits at 3M and other big U.S. companies.
Source: latimes - 🏆 11. / 82 Read more »