J J Kinahan said, cryptocurrency trading will be the best opportunity for next generation

Nishanth Shetty

Nishanth Shetty

January 9, 2018 12:15 pm

J Kinahan said, cryptocurrency trading will be the best opportunity for next generation | Coindelite News
2096 Total Views

Cryptocurrency News

TD Ameritrade chief market strategist JJ Kinahan told CNBC on Monday that, The cryptocurrency market may be just what is needed to attract millennials into trading.

Digital currencies had huge gains over the past year.

Kinahan said:

“People complain that we haven’t gotten millennials to trade. Maybe this isn’t the product I’d like people to start with, but this is the greatest opportunity we’ve had in the market to get people who weren’t traditionally interested in the market.”

Last year, bitcoin which is known as the biggest cryptocurrency by market cap through more than 1,500 percent. Ripple also started growing constantly and became the second largest cryptocurrency n the world.

The company is one of the top three retail brokerages, according to capital markets research and consulting firm Tabb.

In December 2017, TD Ameritrade announced it was offering clients access to Cboe’s bitcoin futures, which began trading in December.

Kinahan said the firm casually likes to advise clients to use 10 percent of their money to consider, but what millennials are saying is they want to use 90 percent to consider.

Kinhan included:

“Do I agree with that? Not necessarily, but for us to say ‘you’re wrong’ is silly, instead, they’ll ask what clients are comfortable investing in the stock market.”

No Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Swiss – FINMA Regulate ICOs and Publish Guidelines

Guidelines Published by the Swiss Financial Market Supervisory Authority for ICO Organizers. The Swiss Financial Market Supervisory Authority (FINMA) has published a press release regarding how it plans to apply financial market legislation in handling queries from the ICO organizers. The post also describes the information FINMA requires for dealing …

Spain to Become Next Cryptocurrency Hub After Swiss

Spain is going to Legalize Cryptocurrency after Swiss Recently Rolled out Guidelines for ICOs While other European countries attempt stricter regulations on cryptocurrencies, Spain seems to be following Switzerland’s initiative ahead by proposing crypto-friendly legislation. Spain on the Blockchain Spanish Prime Minister Mariano Rajoy’s People’s Party is all set to …

Indian Investors Forced to Buy Cryptos Abroad; as the Govt. Pull Strings

Cryptocurrency Regulations Tightened in India; People are looking to Buy Cryptocurrencies Abroad. Since cryptocurrency regulations are becoming more efficient in India, a new trend has begun in the country by acquiring cryptocurrencies from overseas, either from relatives, friends or with abroad accounts. Increased Regulations Indians are looking forward to buying …

-->

Pin It on Pinterest

Shares
Share This