Wintermute secures Bitcoin-backed credit line from Cantor Fitzgerald

Wintermute, a crypto market maker, has obtained a Bitcoin-backed credit line from Cantor Fitzgerald, a U.S. financial services firm. This follows similar financing agreements Cantor made last month with Maple Finance, a crypto lending protocol, and FalconX, a crypto prime brokerage. According to CoinDesk, Cantor’s newly launched Bitcoin Financing Business aims to provide up to $2 billion in funding during its initial rollout. The specific amount of the Wintermute deal was not disclosed.