Cantor Fitzgerald Eyes Major Bitcoin Financing Business, $2B Initial Capital To Fuel Growth

Quick Summary:

One of the world’s largest financial powerhouses, Cantor Fitzgerald, which boasts a $13.2 billion valuation, is poised to make a significant entry into the crypto market, as the firm recently unveiled plans to delve into Bitcoin-backed lending on a grand scale.

Bloomberg ETF expert James Seyffart hinted that this transfer could be the result of the US Marshals Service’s decision to partner with Coinbase to safeguard and manage its extensive digital asset portfolio.

Arkham’s findings suggest that this $2 billion Bitcoin transfer likely represents a 10,000 BTC deposit into an institutional custody or service provider.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets: Hungary

Topics: Bitcoin price Btc BTCUSDT Btcusd Digital currency Bitcoin Cryptocurrency Bitcoin news Crypto news Crypto Cryptocurrencies Bitcoin News Btc price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-30 @ 06:00:02 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 517 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21849673

View Article Analysis

About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 16 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

Frequently Asked Questions