Crypto stocks surge as Trump pledges friendlier regulation

Shares of New York-listed cryptocurrency firms gained before the open on Monday after Republican presidential candidate Donald Trump talked up bitcoin and promised friendlier regulation for the industry.

Crypto exchange Coinbase’s (COIN.O) shares climbed 3.7 per cent, while miners Bitfarms, Riot Platforms (RIOT.O) and CleanSpark (CLSK.O) were up between 3.4 per cent and 4.5 per cent.

“The crypto market interprets a scenario of a Trump win as more positive for crypto, in view...