Howard Lutnick, chairman and CEO of international financial services company Cantor Fitzgerald, announced at the "Bitcoin 2024" last weekend that the company plans to open a Bitcoin financing business to provide investors who hold this digital asset with lever.

Lutnick said on Saturday (27th) that Cantor Fitzgerald will start the business with a loan amount of $2 billion and increase the financing line in increments of $2 billion based on demand. He also said: "We will build the best Bitcoin financing platform, we will cooperate with the best custodians, and we are committed to the Bitcoin ecosystem."

Lutnick revealed that he owns Bitcoin, and Cantor Fitzgerald also owns "a lot" of Bitcoin and is a fan of Bitcoin like "all partners."

“My view is that Bitcoin, like gold, should be freely traded anywhere in the world, and as the world’s largest wholesaler, we will do our best to make that happen,” Lutnick said. Trade anywhere in the world, no exceptions, no restrictions."

The loan business announced by Cantor Fitzgerald is not its first step into the cryptocurrency field. The company already has business dealings with stablecoin issuer Tether. According to previous reports, Tether Chief Technology Officer Paolo Ardoino said in an interview last year that Cantor Fitzgerald is the custodian of Tether’s treasury bills.

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