Wall Street banks are landing crypto IPO transactions as Trump works to make the US a crypto hub.
Citing those familiar with the issue, Bloomberg aims to make more money for crypto companies as early public offers looms. According to a report on February 10, Morgan Stanley is currently actively seeking crypto clients, but Bank of America is considering more transactions, and Royal Bank of Canada wants to expand its crypto portfolio I think so.
Sparks of interest will begin to consider public interactions like Gemini and bullish. Kraken and the Stablecoin Issuer Circle have also looked into the public list previously.
Banks want to get these transactions as the Donald Trump administration suggests loosening restrictions to make the US a crypto leader. At the Bitcoin 2024 conference, Trump promised that if elected, the United States would be the “coded capital of the planet.”
Bull was once set to go public in a $9 billion SPAC deal. However, in 2022, the exchange dropped the idea. Former CEO Brendan Bloomer said the deal was cancelled because the process took “longer than expected.” Bank of America is also preparing for more crypto transactions, but details remain unknown.
Meanwhile, Swedish fintech giant Kraruna has made a big push to code ahead of the April IPO. As Crypto.News previously reported, Klarna CEO Sebastian Siemiatkowski shared X's plans for adding Crypto to the platform. With a potential $15 billion valuation, Klarna's IPO could become one of the biggest IPOs of the year.
