The CEO of the financial company Cantor Fitzgerald has announced the launch of a bitcoin lending program. According to the billionaire, the initial financing of the program will amount to $2 billion with subsequent expansion.
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Howard Lutnick He stated that individuals and companies will be able to borrow with fiat secured by bitcoin.
The CEO of Cantor Fitzgerald, which serves about five thousand institutional clients around the world, assured that the mission of the loan program is to "include bitcoin in the family of the global financial market as soon as possible." Cantor Fitzgerald's is going to become the "conductor of the first cryptocurrency."
According to the billionaire, other large financial funds and concerns will soon offer their own bitcoin financing programs, thereby further strengthening the asset's position in the market.
Previously Mayor of Jersey City, New Jersey Steven Fulop said that a local pension fund has applied to the U.S. Securities and Exchange Commission (SEC) for permission to invest in bitcoin spot ETFs.