Wintermute Secures Bitcoin Credit Line from Cantor Fitzgerald
Wintermute has secured a bitcoin-backed credit line from Cantor Fitzgerald, following prior deals with Maple Finance and FalconX. Key points include:
- Cantor's new Bitcoin Financing Business aims to provide up to $2 billion in financing during its rollout.
- The terms of Wintermute's deal remain undisclosed.
- Institutional interest in digital assets is rising, influenced by ETF developments and changing interest rates.
- CEO Evgeny Gaevoy highlighted that the facility will improve risk management and market coverage for OTC trading.
Wintermute is expanding its U.S. presence amidst a favorable regulatory environment.