Wintermute, a digital active-focused market manufacturer and OTC desktop, has achieved a Bitcoin
-backed credit line from Cantor Fitzgerald after similar financing agreements announced last month with Maple Finance and Falconx.
Cantor said the newly launched Bitcoin financing company is expected to give up to $ 2 billion in financing during its initial roll -out. The size of Wintermute’s agreement with the investment bank was not revealed.
Lending and borrowing of crypto took place on an industrial scale several years back, but many of the companies involved either incurred great losses or were forced to bankrupt as infection spread through the industry. But Cantor’s debut may signalize a new and more institutional phase.
Wintermute is currently expanding its presence in the United States, where a land is happening in crypto trade during Donald Trump’s pro-innovation administration.
Institutional demand for digital assets such as Bitcoin, StableCoins and Select High Beta Altcoins continues to accelerate, driven by catalysts such as ETF developments and shifts in interest rate environments, Wintermute CEO Evgeny Gaevoy said.
“Given the capital -intensive nature of our operations, especially OTC trade, which involves the management of settlement windows and maintenance of capital across multiple venues, the plant improves our ability to uncover risks effectively across exchanges and maintain wide market coverage,” Gaevoy said in an e email.
Read more: Wall Street Giant Cantor debuts Bitcoin -Termination with first Trancher to Falconx, Maple
