Crypto Market Maker Wintermute Snags Bitcoin Credit Line From Cantor Fitzgerald
Main Idea
Wintermute, a digital assets-focused market maker, has secured a Bitcoin credit line from Cantor, following similar deals with Maple Finance and FalconX, to support its capital-intensive operations.
Key Points
1. Wintermute obtained a Bitcoin credit line from Cantor, though the size of the deal was not disclosed.
2. Cantor previously announced Bitcoin financing deals with Maple Finance and FalconX.
3. Wintermute's CEO emphasized the capital-intensive nature of their operations, particularly in OTC trading and maintaining market coverage across exchanges.
Description
Wintermute, a digital assets-focused market maker and OTC desk, has attained a bitcoin(BTC)-backed credit line from Cantor Fitzgerald, following similar financing deals announced last month with Maple Finance and FalconX. Cantor said the newly launched Bitcoin Financing Business is expected to provide up to $2 billion in financing during its initial rollout. The size of Wintermute’s deal with the investment bank was not disclosed. The lending and borrowing of crypto was taking place on an indust...
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