Wintermute, a market manufacturer and office OTC focused on digital assets, has reached a line of credit supported by Bitcoin (BTC) by Cantor Fitzgerald, following similar financing transactions announced last month with Maple Finance and Falconx.
Cantor said the new Bitcoin financing company is expected to provide up to $ 2 billion in funding during its initial deployment. The size of the Wintermute agreement with the investment bank has not been disclosed.
Crypto loans and borrowing took place on an industrial scale several years ago, but many companies involved suffered heavy losses or were forced to go bankrupt as the contagion spread in the industry. But the beginnings of Cantor may point out a new phase more respectful of the institutions.
Wintermute is currently expanding his presence in the United States, where a wave of movement occurs in the crypto trade under the pro-innovation administration of Donald Trump.
The institutional demand for digital assets such as Bitcoin, Stablescoins and the selection of high beta altcoins continues to speed up, driven by catalysts such as ETF developments and changes in interest rate environments, said the CEO of Wintermute Evgeny Gaevoy.
“Given the nature of a high intensity of capital of our operations, in particular the freezing trade, which consists in managing the settlement windows and maintaining capital on several sites, the installation improves our ability to effectively cover the risks through exchanges and maintain wide coverage of the market,” said Gaevoy in an email.
Read more: Wall Street Cantor giant is making its debut on Bitcoin loans with First Slices in Falconx, Maple
