Wintermute, a digital asset-centric seller and OTC Desk, has reached Bitcoin
Cantor Fitzgerald’s credit line after a similar financing agreement announced last month with Maple Finance and Falconx.
Canto says new Start Bitcoin Financing Business Up to $2 billion in financing is expected to be provided during the initial launch period. The size of Wintermut’s transaction with the investment bank was not disclosed.
Loans and borrowing for cryptocurrencies were carried out on an industrial scale a few years ago, but many companies involved heavy losses or were forced to go bankrupt as infectious diseases spread throughout the industry. But Cantor’s debut may mark a new, more appropriate stage for institutional-friendly.
Wintermute is currently expanding its presence in the United States, with a series of movements taking place in cryptocurrency trade under Donald Trump’s pro-trade authority.
Wintermute CEO Evgeny Gaevoy said institutional demand for digital assets such as Bitcoin, Stablecoins and Select High Beta High Coins continues to accelerate, driven by catalysts in ETF development and interest rate environments.
“Given the capital-intensive nature of our operations, especially OTC transactions, that involve managing windows within the scope of the settlement window and maintaining capital across multiple venues, the facility enhances our ability to effectively hedge risks across exchanges and maintain extensive market insurance.”
