PANews reported on November 6 that according to The Information, according to industry insiders, bankers from several top Wall Street investment banks, including JPMorgan Chase, Goldman Sachs and Morgan Stanley, have been meeting with executives in the cryptocurrency industry. They hope to get a piece of the lucrative initial public offerings (IPOs) that cryptocurrency companies may conduct after the election.
The new enthusiasm reflects optimism that an improving market and regulatory environment following Donald Trump’s victory in the U.S. presidential election could pave the way for companies such as Kraken, Fireblocks and Chainalysis to go public. Bankers’ appetite for meetings is also a departure from much of the past two years, when many investment banks viewed working with cryptocurrency companies as too risky and shied away from doing business, advisers said.
