Yes, TD Ameritrade’s CFO just said that millennials are really excited about bitcoin and cannabis stocks. Why am I not very surprised. Read the excerpt from a recent investor conference below!
TD Ameritrade (NASDAQ: AMTD), March 7th, 2017, Investor Conference
Stephen J. Boyle, Chief Financial Officer
We get – we over-indexed millennials. We’ve seen fantastic millennial engagement recently. We’re seeing interest in bitcoin-related equities, we’re seeing interest in cannabis stocks, we’re seeing interest – I was talking to our Head of Investments yesterday, we’re seeing our millennials are actively trading just like our regular customers and in fact hold a lot of the same positions that our regular customers do. And so it’s a generation that’s very interested in investing and thinking about their future and we think we’re positioned very well for them.
So, I think probably there’s a lot of energy in the crypto space. We are looking for ways to responsibly engage in the environment. So it’s certainly something that we look at a lot. I wouldn’t expect an offering in the very near-term here. We did roll out the bitcoin futures, as you’re aware, that’s more of an institutional product. We do have a number of equities on our platform that we’ve seen a lot of it because there’s some sort of bitcoin blockchain, crypto underlying link to those investments. And I’d say it’s a rapidly evolving space, and we’re certainly looking at something, but there’s nothing to announce at this point.