Crypto Market Maker Wintermute Secures Bitcoin Credit Line from Cantor Fitzgerald

According to ChainCatcher, citing a report from CoinDesk, crypto market maker Wintermute has secured a bitcoin-collateralized credit line from Cantor Fitzgerald, though the specific amount was not disclosed. Wintermute CEO Evgeny Gaevoy stated that this credit line enhances the company’s ability to hedge risks and maintain broad market coverage across major exchanges. Cantor has previously entered into similar agreements with Maple Finance and FalconX, and plans to provide up to $2 billion in funding during the initial phase of its newly launched bitcoin financing business. Wintermute is currently accelerating its expansion into the U.S. market.