BlockBeats News, June 30th, according to CoinDesk, cryptocurrency market maker Wintermute has secured a Bitcoin-backed credit line from Wall Street investment bank Cantor Fitzgerald. Cantor's newly launched Bitcoin financing business is expected to provide up to $2 billion in financing during its initial rollout.
Previously reported, Cantor Fitzgerald's Bitcoin collateralized loan program's initial transactions targeted cryptocurrency firms FalconX Ltd. and Maple Finance. The program is designed to offer loans to customers using Bitcoin as collateral.
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