🗣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.