As the IPO prospects improve, Wall Street investment banks such as Goldman Sachs and JPMorgan Chase are turning their attention to cryptocurrency clients

According to The Information, insiders reveal that bankers from 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 potentially lucrative initial public offerings (IPOs) that cryptocurrency companies may conduct after the elections.

This new enthusiasm reflects an optimistic sentiment that improvements in market and regulatory environments following Trump's victory in the U.S. presidential election could pave the way for companies like Kraken, Fireblocks and Chainalysis to go public. Advisors say that bankers' interest in these meetings is also different from most of the past two years when many investment banks thought it was too risky to do business with cryptocurrency companies.