Cantor Fitzgerald CEO: Traditional financial firms eager to trade Bitcoin, regulation is the main obstacle

ChainCatcher news, according to Coindesk, Howard Lutnick, CEO of the financial services company Cantor Fitzgerald, stated that traditional financial (TradFi) companies want to trade Bitcoin as a new asset class but are constrained by existing regulatory requirements in the U.S. Lutnick posted on social platform X: "If banks hold customers' Bitcoin, they must retain an equivalent amount of their own capital as 'margin.' That's why they don't hold Bitcoin. But if the regulatory environment is favorable, you will see all traditional financial companies rushing into the Bitcoin space."

As the CEO of Cantor Fitzgerald, Lutnick revealed that the company holds a "significant" amount of Bitcoin and plans to launch a $2 billion Bitcoin financing business in June this year to provide leverage for Bitcoin holders. The company is currently working with stablecoin issuer Tether to handle U.S. Treasury transactions.