Bitcoin Can Disrupt Online Brokers, Exchanges, Says Zerodha’s Nithin Kamath. Know Why
As money gained more fluidity and dynamicity with stock trading, people have aligned their financial psyche to the trends and patterns of this constantly changing realm. Updates about the rises and falls in the business are of high interest to the people involved. Affluent people in the field generally grasp people’s attention with their advice about the changing paradigms.
Recently, Nithin Kamath, founder and CEO of the online brokerage firm Zerodha, posted a Twitter thread, sharing his viewpoints about the possible disruptions in the future of trading business. According to Kamath, the financial space of brokering and exchanging can have severe disruptions induced by Cryptocurrency.
In his tweet, Kamath wrote, “I often get asked who can disrupt the new-age online brokers and exchanges. I don’t think it will be a new stock exchange or another stock brokerage firm. It will most likely be an outsider, like Crypto.”
I get asked often, who out there do you think can disrupt the new-age online brokers or even exchanges?Me: I don’t think it will be another stock brokerage firm or a new stock exchange. It will most likely be an outsider, maybe Crypto. Here is why👇 1/6— Nithin Kamath (@Nithin0dha) September 9, 2021
According to Kamath, the only way the broking and exchange business could face disruption is if “someone figures a way to pay people money for trading, i.e., negative brokerage, or figures a way by which all the customers make money.”