TD Ameritrade CEO: Clients are "asking for" Bitcoin

posted 12 months ago
Tim Hockey, the current chief executive of TD Ameritrade said “clients are asking for it.” By it, he means Bitcoin and other digital assets. As to why this trend is occurring, Hockey looks to the mass media coverage that Libra has received, which has materialized in comments on cryptocurrencies from global regulators and investors — most notably Donald Trump.

He adds that the sudden bout of renewed interest in cryptocurrencies can also be attributed to “active investors”, most of which are looking for alternative asset classes to outperform the indices and the ever-decreasing yields of government bonds and other portfolio staples. TD Ameritrade’s platforms already support CME’s Bitcoin futures, but only for clients with a certain level of wealth/account balance and qualifications due to the CME’s institutional focus.
Tags: bitcoin, news