Wall Street firm Cantor Fitzgerald has finalized its first Bitcoin lending agreement almost a year after introducing its crypto lending services. Cantor facilitated Bitcoin-backed loans for FalconX and Maple Finance. FalconX secured a facility exceeding $100 million within a broader credit framework, while Maple Finance closed the initial tranche of a deal with Cantor. This service enables Bitcoin holders to borrow funds using their cryptocurrency as collateral, unlocking liquidity without selling their BTC. Cantor launched its Bitcoin financing business with $2 billion in capital in July 2024, targeting institutional investors. The company partnered with Anchorage Digital and Copper as custodians and collateral managers. Despite the decline in the total crypto lending market, Cantor, a traditional financial services provider, continues to expand its offerings and advocate for clearer regulatory frameworks for cryptocurrencies in the US. Read more AI-generated news on: https://app.chaingpt.org/news

#BTC