Cryptocurrency market maker Wintermute secures a Bitcoin credit line from Cantor Fitzgerald

ChainCatcher news, according to CoinDesk, cryptocurrency market maker Wintermute has secured a credit line backed by Bitcoin from the American investment bank Cantor Fitzgerald, with the specific amount undisclosed. 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 had previously reached similar agreements with Maple Finance and FalconX, planning 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.