Bitcoin investors rejoice as Cantor Fitzgerald announces a new financing platform. The firm plans to invest $2 billion to support Bitcoin holders.
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| Bitcoin investors rejoice as Cantor Fitzgerald announces a new financing platform. The firm plans to invest $2 billion to support Bitcoin holders. |
NY, USA, July 27, 2024:
Cantor Fitzgerald, a prominent global financial services firm, has announced its foray into the Bitcoin financing market. The company plans to offer leverage to investors holding Bitcoin, backed by an initial investment of $2 billion.
"Cantor Fitzgerald has a strong history of financing securities and commodities," stated Howard Lutnick, Chairman of Cantor Fitzgerald. "Our support for Bitcoin is unwavering, and this new platform will cater to the financing needs of Bitcoin investors. We aim to maximize Bitcoin's potential and bridge the gap between traditional finance and the digital asset landscape."
To initiate this venture, Cantor Fitzgerald will collaborate with chosen Bitcoin custodians.
With a workforce exceeding 12,000 employees, Cantor Fitzgerald is a leading player in financial and technological innovation. Renowned for its expertise in fixed income, equities, capital markets, investment banking, and other financial services, the firm serves over 5,000 institutional clients globally. Notably, Cantor Fitzgerald & Co. is one of the 24 Primary Dealers authorized to conduct business with the Federal Reserve Bank of New York.