Wintermute secures Bitcoin lending facility from Cantor Fitzgerald under its $2B financing program
2025-06-30 08:16:56
Main Idea
Wintermute has secured a Bitcoin-backed credit line from Cantor Fitzgerald as part of Cantor's $2 billion Bitcoin Financing Business initiative to support its capital-intensive OTC crypto trading operations.
Key Points
1. Wintermute obtained a Bitcoin-backed credit line from Cantor Fitzgerald, though the exact size was not disclosed.
2. CEO Evgeny Gaevoy stated the facility will help manage the capital-intensive nature of OTC crypto trading and settlement.
3. Cantor Fitzgerald's $2 billion Bitcoin Financing Business has also provided financing to FalconX Ltd., which plans to draw over $100 million.
4. The crypto lending market reached $36.5 billion by the end of 2024, more than doubling from its Q3 2023 low but still below its 2021 peak of $64.4 billion.
Description
Wintermute has secured a Bitcoin-backed credit line from Cantor Fitzgerald as part of Cantor’s $2 billion Bitcoin Financing Business initiative. Crypto market maker Wintermute has secured a Bitcoin-backed credit line from investment bank Cantor Fitzgerald. The size of Wintermute’s facility was not disclosed, but CEO Evgeny Gaevoy said it would help the firm manage the capital-intensive nature of OTC crypto trading and settlement. “Given the capital-intensive nature of our operations, especially ...
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