Cantor Leads a New Boom in Lending to Debt-Hungry Crypto Firms

The last major bear market nearly wiped out the entire crypto-lending industry. Now, it’s staging a major comeback, with a new breed of creditors looking to step into the void and satisfy the market’s perennial appetite for debt.

Lenders ranging from traditional banks to crypto native firms have either begun or are in the process of providing capital, facilitating an uptick in a range of market activities from amplifying bets with leverage to providing short-term liquidity needed for trading.

This month alone, Cantor Fitzgerald, the financial-services firm previously led by US Commerce Secretary Howard Lutnick, kicked off ...