Partager cet article
TradFi Companies 'Want to Transact in Bitcoin,' Says Cantor Fitzgerald CEO
Howard Lutnick was picked by Donald Trump to chair his presidential transition team last month
- Howard Lutnick says banks want to transact in BTC as a new asset class but are being held back the existing requirements of U.S. regulators.
- "That's why they don't hold it. But if the regulatory environment was good, you will see all the traditional financial companies go head first into bitcoin," he said.
Cantor Fitzgerald CEO Howard Lutnick has said traditional financial (TradFi) companies "want to transact in bitcoin" as a new asset class but are being held back by the existing requirements of U.S. regulators.
Lutnick said in an X post on Tuesday that bitcoin was an "outsider to the TradFi community [that's] only now dipping its toe into global finance."
STORY CONTINUES BELOW
Ne manquez pas une autre histoire.Abonnez vous à la newsletter State of Crypto aujourd. Voir toutes les newsletters
"If a bank were to hold your bitcoin, they would have to set aside their own money equal to that amount, sort of 'in jail'. That's why they don't hold it. But if the regulatory environment was good, you will see all the traditional financial companies go head first into bitcoin," Lutnick said.
As well as being CEO of Cantor Fitzgerald, which unveiled its plans to open a bitcoin financing business in June, Lutnick was also picked by the pro-crypto Republican candidate Donald Trump to chair his presidential transition team.
Cantor Fitzgerald, which owns a "s***load" of bitcoin, according to Lutnick, plans to launch its bitcoin financing business with $2 billion in lending, providing leverage to BTC holders. It already handles U.S. Treasury trading with stablecoin issuer Tether.
Read More: Trump's New Crypto Business to Offer Access to 'High-Yield' Investments, Website Says
Plus pour vous
Ce qu'il:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Plus pour vous
Canadian Province Wins Forfeiture of $1M QuadrigaCX Co-Founder's Cash, Gold via Default Judgment
The ruling transfers cash, gold bars, watches, and jewelry seized from a CIBC safety deposit box and bank account into government hands after Patryn did not defend the case.
Ce qu'il:
- The Supreme Court of British Columbia has forfeited $1 million in cash and gold tied to QuadrigaCX's co-founder, Michael Patryn, to the government.
- Patryn did not contest the forfeiture, which involved 45 gold bars, luxury watches, and over $250,000 in cash seized under an Unexplained Wealth Order.
- The forfeiture may lead to a process determining if any assets can be directed to QuadrigaCX's creditors, who received 13 cents on the dollar in the bankruptcy settlement.
Top Stories
