Cantor Fitzgerald Announces $2 Billion Bitcoin Financing Initiative

Cantor Fitzgerald announced that it will open a Bitcoin financing business. The business will provide leverage to investors who hold Bitcoin and will launch with $2 billion in initial financing. Once the initial $2 billion is used, Cantor Fitzgerald plans to increase its allocation in additional $2 billion increments to sustain and expand the business. In support of this effort, Cantor Fitzgerald also said that it will “partner with select Bitcoin custodians,” although specific firms were not disclosed. Cantor Fitzgerald’s new lending facility is not its first venture into the crypto space.

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