Cantor Fitzgerald is about to launch a $2 billion bitcoin financing business.
Cantor Fitzgerald is looking to launch a Bitcoin financing business with an initial capital of $2 billion.
The financial services giant's CEO has announced his plans for Bitcoin 2024.
Cantor Fitzgerald partners with top Bitcoin protection platforms to provide benefits to investors holding BTC.
New York-based Cantor Fitzgerald will invest $2 billion in new bitcoin financing businesses, the firm's CEO Howard Lutnick announced at Bitcoin 2024.
The company confirmed the plans in a press release.
Cantor Fitzgerald BTC sees financial trading.
According to the CEO of Cantor Fitzgerald and in the press release, the new business offers more benefits to investors who hold Bitcoin. The firm will invest more in the financing platform after the initial splash of $2 billion.
“We're excited to help unlock Bitcoin's full potential and continue to bridge the gap between traditional finance and digital assets,” Lutnick said in a statement.
In his comments on Bitcoin 2024, Cantor Fitzgerald exec said his company is bringing major digital assets to global financial markets. He added that the company is ready to work with leading guards in the market.
Lutnick also revealed that Cantor Fitzgerald owns Bitcoin and that he owns the crypto-asset that he personally names.
Just in: $13.2 billion Cantor Fitzgerald CEO says they have “#Bitcoin burden” pic.twitter.com/Ei9mmNUwlF
— Bitcoin Magazine (@BitcoinMagazine) July 27, 2024
“My view is that Bitcoin, like gold, should be free to trade everywhere in the world and as the largest wholesaler in the world, we will do everything we can to make this happen,” he said at Bitcoin 2024.
Cantor Fitzgerald began operations in 1945 and has grown to become one of the world's leading financial services providers.
The company provides services such as investment banking, equity research, capital markets, asset management and prime brokerage.
