Cantor Fitzgerald Plans $2 Billion Bitcoin Lending Program via Tether: Report

Quick Summary:

Cantor Fitzgerald is deepening its crypto ties as its chief prepares to assume his role as Commerce Secretary after Trump’s nomination.

The move comes as Cantor's chief, Howard Lutnick, was nominated as Commerce Secretary under President-elect Donald Trump on Wednesday and is reportedly preparing to divest his interests in the firm.

Cantor already manages most of Tether's $132 billion assets through its custody business, earning tens of millions in annual fees.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Vince Dioquino

Category: Crypto

Markets: EstoniaHong Kong

Topics: Business Donald Trump USDT Cantor fitzgerald Tether

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 02:55:32 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 774 words

Reading Time: 5 minutes read

Sentences: 28 lines

Sentence Length: 28 words per sentence (average)

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

Copyright Owner: © Decrypt

News ID: 23810898

View Article Analysis

About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 5 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 8 hours ago

Coverage Areas: Estonia

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: #63

Publisher Details

Frequently Asked Questions