The article discusses how Donald Trump's presidency has benefitted major banks through deregulation, boosting their stock performance. However, fintech companies, particularly in the cryptocurrency sector, have seen even greater gains, highlighting a potential shift in the financial landscape as new competitors emerge.

BitGo Holdings has priced its upcoming US IPO at $18 per share, according to Bloomberg reports. The company aims to leverage its expertise in digital asset custody and services to attract investors.

BitGo, a crypto custody startup, aims for a valuation of up to $1.96 billion in its upcoming U.S. IPO. The company plans to raise as much as $201 million by offering nearly 12 million shares priced between $15 and $17 each. It will list on the New York Stock Exchange under the ticker "BTGO."

Coinbase is set to become the first pure-play crypto firm listed on the S&P 500, replacing Discover Financial Services. Following the announcement, Coinbase's shares rose by 8% in after-hours trading, with a current price around $226, down from its all-time high of over $343. The listing is effective before trading begins on May 19.

Robinhood's stock has surged back to record highs, largely driven by a significant boom in the cryptocurrency market. The company's revival is attributed to increased trading activity among retail investors, who are capitalizing on the recent rise in digital asset values.

Coinbase's stock fell 7% after the company reported disappointing Q2 earnings, posting $1.5 billion in revenue, which was below analysts' expectations of $1.59 billion. The decline in transaction revenue by 39% from the previous quarter reflects the company's vulnerability to crypto market fluctuations, despite its efforts to diversify its offerings.