🚨Cantor Fitzgerald’s Bitcoin Bet: What You Need to Know🚨

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Perfidious alliances and dubious dealings: the world of bitcoin financing

  • Cantor Fitzgerald, that paragon of financial rectitude, has seen fit to entrust its new bitcoin financing business to the tender mercies of Copper.co and Anchorage Digital.
  • Anchorage Digital, a firm that operates the only federally chartered crypto bank in the U.S., offers a range of services that would make even the most jaded of investors raise an eyebrow: custody, staking, trading, governance, and settlement services.
  • Copper.co, on the other hand, delivers secure custody, prime services, and collateral management for institutions, because who doesn’t love the sound of their assets being locked away in a digital vault?

Cantor Fitzgerald, that behemoth of Wall Street, has chosen to entrust its bitcoin financing business to the capable hands of Copper and Anchorage Digital. Because, why not? After all, what could possibly go wrong with a business that aims to provide institutional investors with leverage on their bitcoin holdings?

“We are launching with $2 billion in initial financing and expect to substantially grow the operation over time,” said Michael Cunningham, Head of Bitcoin Financing at Cantor Fitzgerald, in a press release that no doubt was filled with all the usual caveats and disclaimers.

The firm’s former CEO, Howard Lutnick, currently serves as the Secretary of Commerce and has been a vocal proponent of integrating BTC into traditional finance. Because, you know, that’s exactly what we need: more of the same old financial wizardry that got us into this mess in the first place.

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2025-03-11 17:04