According to crypto analytics firm CryptoQuant, Binance and Coinbase recorded significant stablecoin inflows after Donald Trump’s win. The firm highlighted that inflows of this magnitude were last experienced in 2020.

Coinbase's share price has skyrocketed so far on Wednesday, plus other Bitcoin-related stocks are surging on the back of Trump's reelection.

Learn about the 'Bitcoin effect' as crypto markets skyrocket after Trump's victory, with key players planning significant investments.

With a crypto-friendly president-elect and a Congress stacked with crypto supporters, the industry is getting closer to its ultimate goals.

This is Frances Yue, crypto reporter at MarketWatch. Crypto investors have been cheerful this week, as bitcoin has kept refreshing all-time highs and market participants are hopeful that the digital-asset sector will benefit from a more friendly regulatory environment after President-elect Donald Trump takes office.