According to TechFlow, on July 28, CoinDesk reported that financial services company Cantor Fitzgerald will open a Bitcoin financing business. Howard Lutnick, the company's CEO, said at the Bitcoin Conference that they will start a $2 billion lending business and increase the financing amount by $2 billion increments as needed. He added: "We will welcome Bitcoin to join the financing family of the global financial market."

Cantor Fitzgerald’s new lending business will provide leverage to Bitcoin holders, and this is not the company’s first foray into crypto. Cantor Fitzgerald is already well-known on Wall Street as one of the world’s largest bond brokers and handles U.S. Treasury bond transactions with Tether. Lutnick said at the Bitcoin conference that they have “a lot of Bitcoin.”