Bloomberg: Mainstream banks on Wall Street are planning to encrypt business and are optimistic about IPO opportunities during Trump's period
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According to Golden Finance, many top Wall Street banks are optimistic about the development prospects of the crypto industry during Trump's potential term and are actively adjusting their strategic layout of cryptocurrency business. Morgan Stanley is seeking potential IPO clients, Bank of America executives are discussing promoting digital asset company transactions, and RBC plans to expand its business after completing its first crypto business.
Currently, several crypto companies including Gemini, Bullish, Circle and Kraken are considering IPOs in 2025. Jefferies and JPMorgan Chase are consulting on the potential listing of Bullish, and Moelis & Co. and Cantor Fitzgerald are also active in the field. Analysts believe that Trump's support for the crypto industry may trigger a new round of IPOs, stock sales and convertible bond issuance craze.