Howard Lutnick, Chairman and CEO of Cantor Fitzgerald, an international financial services company, announced at the Bitcoin 2024 conference last weekend that the company plans to launch a Bitcoin financing business to provide leverage for investors holding this digital asset.

Lutnick announced on Saturday (27th) that Cantor Fitzgerald will launch the business with a loan amount of $2 billion and increase the financing amount in increments of $2 billion based on demand. He also stated, "We will establish the best Bitcoin financing platform, collaborate with the best custodian institutions, and be committed to the Bitcoin ecosystem

Lutnick revealed that he owns Bitcoin, and Cantor Fitzgerald also owns a "large amount" of Bitcoin, and like "all partners," he is a fan of Bitcoin.

My opinion is that Bitcoin, like gold, should be freely tradable anywhere in the world. As the world's largest wholesaler, we will do our best to achieve this goal, "Lutnick said." Bitcoin should be traded around the world like gold, without exceptions or restrictions

The loan business announced by Cantor Fitzgerald this time is not its first step into the cryptocurrency field, as the company already has business dealings with stablecoin issuer Tether. According to previous reports, Tether's Chief Technology Officer Paolo Ardoino stated in an interview last year that Cantor Fitzgerald is the custodian of Tether's treasury bonds.

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