Cantor Fitzgerald Launches $2 Billion Bitcoin-Backed Loan Program

Son Min

Summary

Cantor Fitzgerald announced the launch of a $2 billion loan program backed by Bitcoin.
Bloomberg stated that this program signifies the revival of the virtual asset-backed loan market.
It was evaluated as a move by institutions to provide leverage to the virtual asset market once again.

Cantor Fitzgerald has launched a $2 billion loan program backed by Bitcoin (BTC).

According to Bloomberg on the 27th (local time), Cantor Fitzgerald, in collaboration with FalconX and Maple Finance (SYRUP), has initiated a $2 billion Bitcoin-backed loan program.

The media outlet stated, "This program signifies the revival of the virtual asset-backed loan market," and evaluated that "institutions are looking to provide leverage to the virtual asset market once again."

SYRUP

Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit

Cantor Fitzgerald Launches $2 Billion Bitcoin-Backed Loan Program

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