Tether is angling to join Cantor Fitzgerald's Bitcoin financing business, citing a long-term relationship.

After months of planning, financial services firm Cantor Fitzgerald announced plans to begin providing leverage for institutional investors holding Bitcoin (BTC) on their balance sheets.

Financial services firm Cantor Fitzgerald is planning to begin providing leverage for institutional investors holding Bitcoin (BTC) on their balance sheets. After months of planning, the firm will start offering the service early next year.

According to a report by Bloomberg, the firm is aiming to provide leverage of up to 5x on Bitcoin holdings, which will allow investors to amplify their returns. However, the move has raised concerns among some observers, who believe that it could lead to risky behavior by investors.

Cantor Fitzgerald is a well-known firm with a long history of providing financial services to institutional investors. The firm is also a major player in the cryptocurrency market, having invested in several Bitcoin mining companies.

Tether interested in joining Cantor Fitzgerald’s Bitcoin offering.

After announcing plans to begin providing leverage for institutional investors holding Bitcoin (BTC) on their balance sheet, financial services firm Cantor Fitzgerald is now open to striking a partnership with Tether.

Confirming the interest in an interview with Bloomberg, Tether CEO Paolo Ardoino says the partnership will be mutually beneficial to both entities given their experience.

“Bitcoin lending is very interesting to us and there are huge opportunities. Joining forces between Tether and Cantor Fitzgerald is the right thing to do,” said Ardoino.

The move follows Thailand’s SEC recognition of USDT as an approved cryptocurrency. The stablecoin issuer is brimming with activity following its exclusion by the EU under the MiCA playbook.

Wanting to play a bigger role in US stablecoin ambitions, Ardoino says his firm is well-positioned to do so despite being based outside the US.

The Tether chief says his firm’s size and market share will help it to succeed, but advanced initiatives by PayPal’s PYUSD plans to reduce USDT’s market share.