Crypto Market Maker Wintermute Snags Bitcoin Credit Line From Cantor Fitzgerald
Wintermute, a digital assets-focused market maker and OTC desk, has attained a bitcoin
-backed credit line from Cantor Fitzgerald, following similar financing deals announced last month with Maple Finance and FalconX.
Cantor said the newly launched Bitcoin Financing Business is expected to provide up to $2 billion in financing during its initial rollout. The size of Wintermute’s deal with the investment bank was not disclosed.
The lending and borrowing of crypto was taking place on an industrial scale several years back, but many of the firms involved either incurred heavy losses or were forced into bankruptcy as contagion spread through the industry. But Cantor’s debut perhaps signals a new and more institution-friendly…
