A News
The Crypto World Excited by Trump is Heading to Wall Street
Following U.S. President Donald Trump's supportive steps for cryptocurrency, U.S. crypto companies have started flocking to Wall Street for public offerings.
Cryptocurrency exchange Bullish, which has billionaire Peter Thiel among its investors, is the latest name to go public on U.S. exchanges, generating over $1.1 billion in revenue.
Analysts note that the transformation of crypto into an increasingly mainstream currency and its wealthy institutional supporters have accelerated the sector's public offering and fundraising efforts.
When stablecoin platform Circle went public on the New York Stock Exchange in June, it witnessed its shares doubling in value during the opening session, reaching a total of $18 billion.
According to analysts, Circle's position in the stock market has been the biggest green light for the sector. The company's market value is still around $35 billion.
The influx of crypto platforms to the stock market demonstrates how quickly the sector has recovered and risen since the collapse of crypto exchange FTX in 2022.
The U.S. administration's implementation of the regulatory Genius Law for cryptocurrencies and Circle's very successful public offering has prompted other crypto companies to take action as well. BitGo, Grayscale, and Gemini have also applied for public offerings.
#BullishIPO #writetoearn #MarketTurbulence #Binance #crypto
$PERP
$BNB
$POND
