TechFlow news — On July 28, according to CoinDesk, financial services firm Cantor Fitzgerald plans to launch a Bitcoin financing business. CEO Howard Lutnick announced at the Bitcoin conference that the company will initiate a $2 billion lending operation and will increase funding capacity in increments of $2 billion as needed. He added, "We will welcome Bitcoin into the global financial markets’ financing community."
Cantor Fitzgerald’s new lending service will provide leverage to Bitcoin holders, marking another step in the firm’s involvement with cryptocurrency. Already well-known on Wall Street as one of the world’s largest bond brokers, Cantor Fitzgerald has previously handled U.S. Treasury transactions for Tether. At the Bitcoin conference, Lutnick stated that the company holds "a substantial amount of Bitcoin."
