Doug Goodwille from Kayne Anderson speaks to Drew Meredith from The Inside Network on market thinkers.
While a surging gold price is on hold as the world adjusts to a Trump presidency, all the factors that saw its price rise more than 50 per during his first term in office – trade disputes, fiscal deficits and geopolitical tensions – are almost certainly guaranteed the second time around.
Cointree offers free trades in bid to grow members
Leading cryptocurrency exchange Cointree, will offer a day of zero trading fees on Monday, 12 December, to help it celebrate its eighth birthday. The platform is hoping that the freebie day will help push active member numbers past the 100,000 mark.
So, what is allowed to be traded?
The exchange says: “Members, experienced traders and newcomers (will have) the opportunity to trade any of the 160+ cryptocurrencies supported without trading fees, on the one-time-only offering.”
“Cointree was one of Australia’s first cryptocurrency exchanges, launched in 2013, and we’re excited to celebrate our journey and 8th birthday with Australians looking to invest in crypto,” says CEO Shane Stevenson. “Since launching, we’ve established Australia’s premier learning hub dedicated to crypto, released features that allow members to set up automatic trades, balance-out their investment purchase with recurring buys, and have been helping members follow the portfolios of our top traders, with many more exciting releases on the roadmap.”
2021 has been a great year for the exchange, with crypto traders growing in numbers as access has become easier and the industry goes mainstream. But despite offering the incentive of no trading fees, Cointree “stresses that investors should be educating themselves before making any investment decisions.
“The way crypto is perceived in the industry has accelerated at an immense pace, with the recent Senate inquiry resulting in recommendations towards increased regulation to further legitimise the asset class, and cement its strength alongside historically popular assets such as gold and equities,” says Stevenson. “In 2021 alone, despite all that happened with the pandemic, Ethereum’s year-to-date performance is exceeding 330%. Its stellar performance hasn’t just stopped there, also opening the gates for more smart contracts and decentralised platforms such as Cardano to enter the market.”
Short-term profit-seekers have given cryptocurrency a misunderstood image about the asset class and its true potential.
“The Cointree platform is developed with education in mind; investors can access a range of articles according to their investment path, whether they be a beginner learning how to start micro investing, an intermediate investor seeking information on Ethereum’s price prediction or an advanced investor allocating part of their SMSF portfolio to crypto,” he says.
