Coinbase is rumored to merge with traditional exchanges, and ICE could be a potential target
After Trump announced last week that Bitcoin, Ethereum, XRP, Solana, and Cardano would be included in the U.S. cryptocurrency strategic reserve, Wall Street began to take notice of Coinbase and major U.S. stock exchanges. Analysts believe that if Coinbase can merge with traditional exchanges, it will be able to create a company with both expertise and industry influence, and then dominate the current fragmented cryptocurrency market. Large U.S. exchanges have the ability to make this deal come true. It is rumored that ICE may be a potential target. The exchange has a market capitalization of up to $100 billion and a price-to-earnings ratio of 36 times. Kelly Loeffler, the wife of CEO Jeffrey Sprecher, is a member of the Trump administration's cabinet. If a large investor pushes a top exchange to acquire Coinbase, the new company will be able to maximize the return on investment as cryptocurrencies move from the financial frontier to the mainstream.