Wintermute, a market maker specialized in digital assets and OTC desk, has secured a bitcoin-backed credit arrangement from Cantor Fitzgerald. This follows similar financing agreements reached last month with Maple Finance and FalconX.

Cantor’s recently launched Bitcoin Financing Business aims to deliver up to $2 billion in financing during its initial phase. However, the specifics of the deal between Wintermute and the investment bank remain undisclosed.

Key Points:

• The new lending facility reinforces Wintermute’s capability to competently manage risks across various exchanges.
• The firm is currently expanding its operations in the U.S., amidst a favorable crypto regulatory environment.

“Given the capital-intensive nature of our operations, especially OTC trading, which requires effective management of settlement windows and essential capital across multiple venues, this facility boosts our ability to hedge risks efficiently and sustain broad market coverage,” said Gaevoy in an email.

Read more: Wall Street Giant Cantor Debuts Bitcoin Lending Business With First Tranches to FalconX, Maple

Evgeny Gaevoy, CEO, Wintermute