🗣Bloomberg: Binance, OKX, and Deribit May Lose Market Share if Trump Wins
Bloomberg analysts believe that if Donald Trump wins the upcoming U.S. elections, American crypto companies might gain support from the new administration, potentially leading to market share losses for exchanges like Binance, OKX, and Deribit.
The analysts also highlighted that U.S. firms planning IPOs, such as USDC issuer Circle and Bitcoin mining company Northern Data, could benefit from a Trump victory.
Conversely, foreign platforms and companies like China’s Bitmain might face challenges due to possible trade tensions.
kenso / S. O Nana
npub184…zlaqf
2024-07-22 21:37:42
Author Public Key
npub184lmgjp4jed2lw7hk83ld4s9zkflvfrgp6dkajy2r3kj3yzpetas6zlaqfPublished at
2024-07-22 21:37:42Event JSON
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"content": "🗣Bloomberg: Binance, OKX, and Deribit May Lose Market Share if Trump Wins\n\nBloomberg analysts believe that if Donald Trump wins the upcoming U.S. elections, American crypto companies might gain support from the new administration, potentially leading to market share losses for exchanges like Binance, OKX, and Deribit. \n\nThe analysts also highlighted that U.S. firms planning IPOs, such as USDC issuer Circle and Bitcoin mining company Northern Data, could benefit from a Trump victory. \n\nConversely, foreign platforms and companies like China’s Bitmain might face challenges due to possible trade tensions.\n",
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