Wall Street Bank Crypto is emphasizing for IPO deals as Trump works to make America a crypto hub.
Large banks are looking to earn more money with crypto firms because the initial public offering opportunities Loom, Bloomberg’s report, citing people familiar with the case. As 10 February reportMorgan Stanley is now actively looking for Crypto customers, while Bank of America is considering more deals, and the Royal Bank of Canada wants to expand its crypto portfolio.
The spark of interest considers public as an exchange of Gemini and Bulish. Crackon and Stabecoin Issue Circle has also explored public listing earlier.
Banks are eager to grab these deals as the Donald Trump administration indicates loosening the rules to make the US a crypto leader. At the Bitcoin 2024 conference, Trump promised that, if selected, would make the United States a “Crypto Rajdhani of the planet”.
Bulish planned to go publicly in the SPAC deal of $ 9 billion with extreme acquisition once away. However, in 2022 the exchange abandoned the idea. Former CEO Brendon Bloomor said the deal was discontinued as the process was “taking longer than expected.” Bank of America is also preparing for more crypto deals, although the nuances are unclear.
Meanwhile, Swedish Fintech veteran Clarna is giving a big push in Crypto ahead of its April IPO. As Crypto.news had previously reported, CEO Sebastian Ceemiatcovski shared plans on X to connect Crypto on stage. With a potential $ 15 billion evaluation, Clarna’s IPO can be one of the largest this year.
