Crypto IRA integrates Coinbase Custody as trade volumes top $1.5B

Cryptocurrency IRA and 401(k) provider iTrustCapital has integrated Coinbase Custody into its platform, offering retirement planners more robust security for their digital-asset in...
img-altJune 17, 2021img-alt1 MINUTE READ TIME

Cryptocurrency IRA and 401(k) provider iTrustCapital has integrated Coinbase Custody into its platform, offering retirement planners more robust security for their digital-asset investments.

The integration means iTrustCapital clients will have their assets secured by Coinbase Custody’s cold storage, offering another layer of protection from attacks. Coinbase Custody maintains both SOC1 Type II and SOC2 Type II certifications, which means it undergoes regular financial audits.

Assets held with iTrustCapital are also backed by a commercial crime insurance policy valued at $255 million, the company said.

The added protection applies immediately to all current iTrustCapital IRA and 401 (k) clients.

Coinbase is an industry stalwart when it comes to custodying digital assets. As Cointelegraph reported, the digital currency exchange custodied more than 10% of the combined crypto market capitalization as of March 2021.

Todd Southwick, iTrustCapital’s CEO, said his firm has onboarded “thousands of new active monthly users,” with total assets under management topping $1 billion earlier this year. Total trade volumes have also topped $1.5 billion since the start of 2021.

“Going forward we’re well-positioned to capitalize on the growing demand for investors to include digital assets and physical gold in their retirement accounts,” he said.

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