fbpx
Connect with us

Executive Voice

iTrustCapital Surpasses $2 Billion in Trade Volume

Leading Crypto IRA investment platform continues rapid pace of revenue and trade volume growth as the company marks second anniversary

Key milestone follows the recent integration with Coinbase Custody to enhance security

LONG BEACH, Calif.14 July 2021 – iTrustCapital, the world’s largest crypto IRA investment platform, has surpassed $2 billion in total trade volume since the platform launched two years ago on July 8. Since inception, the company has attracted more than 52,000 IRA accounts, with 14,500 active monthly users generating more than $20.6 million in revenues year-to-date.

The company announced in June that is has enhanced its existing security protocols by integrating with Coinbase Custody, one of the world’s largest and most trusted crypto custodians. The recent integration of the two platforms is intended to provide additional security and peace of mind for investors seeking to access the cryptocurrency markets through qualified IRA retirement funds.

The company provides qualified IRA retirement funds with 24/7 access to cryptocurrencies and precious metals (physical gold and silver) through its IRS compliant platform. iTrustCapital’s recent move to integrate with Coinbase Custody comes as the value of the cryptocurrency markets has surged over recent months, putting more responsibility on operators to safeguard funds against attacks.

Despite the recent market downturn, enthusiasm for bitcoin and cryptocurrencies as a long-term value investment hasn’t been dampened. Nevertheless, increased adoption calls on operators to rise to the challenge, including staying ahead of the curve when it comes to access and security. According to security firm Slowmist, nearly $15 billion of cryptocurrencies have been lost to hackers over time, representing 0.88 percent of the total market cap of cryptocurrencies in June 2021.

iTrustCapital has recognized its increasing fiscal responsibility to augment its security by integrating with Coinbase Custody. Coinbase Custody operates as a qualified custodian and fiduciary under New York state banking law.

The service utilizes segregated cold storage wallets which are insured by a commercial crime insurance policy worth $320 million, renewed annually. Coinbase Custody also holds SOC 1 Type II and SOC 2 Type II certifications, attesting to its financial reporting standards.

iTrustCapital has experienced impressive growth in 2021, attracting thousands of new IRA account holders and $1 billion in assets, as crypto has enjoyed an unprecedented amount of attention and investment. Leveraging its low-cost, tax-advantaged trading platform, the company is well-positioned to capitalize on the growing appetite for crypto from long-term investors. The platform has exceeded $1.7 billion in total trade volume this year already and boasts the lowest trading fees among the crypto IRA investment category, offering a 1% trade fee and a 29.95 monthly account fee.

“We want to inspire, empower and provide secure access to millions of investors who would like to participate in the economic growth that a blockchain future holds, create a multi-billion-dollar investment platform and a highly valued and profitable company,” said Kevin Maloney, the head of corporate development and investor relations at iTrustCapital.

Maloney pointed to a recently released white paper by iTrustCapital that predicted the company will change the way Americans deploy the bulk of their investable assets by creating systems, exchanges, and tools that allow them to invest conveniently, safely and cost-effectively into non-traditional assets using qualified retirement accounts.

About $150 billion of capital sits in a system of niche self-directed IRAs that are hard to use, cost a lot of money, and leave investors with all of the risk. Transforming this system will unleash $35 trillion of retirement assets into alternatives that iTrustCapital estimates will reach $1.5 trillion within seven years.

The core problem is that, unlike publicly traded assets, there is no standard way to make
non-traditional investments in retirement accounts, the white paper states. To make these transactions happen, self-directed IRA custodians shift the fiduciary responsibility and administration to the individual who has to perform the functions typically reserved for professionals, including due diligence, the movement of capital, delivery of the asset, storage and, most importantly, IRS compliance.

According to the white paper, disruptive technology is needed to solve big problems related to making non-traditional investments in retirement accounts. iTrustCapital is developing solutions to these problems by applying real-world and time-tested financial solutions with new technologies like blockchain. iTrustCapital’s goals are to:

  1. Make it simple. iTrustCapital’s goal is to continue offering trading in just three clicks. All of the information needed to make informed investment decisions will be at a client’s fingertips.
  2. Make it affordable. iTrustCapital will pioneer systems to lower costs by standardizing transactions, increasing trade execution efficiency, automating contracts, improving identity management and lowering asset custody costs.
  3. Reduce risk by building due diligence tools integrated with tokenized assets, securing asset storage and ensuring liquidity.
  4. Create IRS compliant systems by making reporting features and smart contracts to avoid prohibited transactions that risk steep financial costs of taxes and penalties totaling 30 percent or more.

iTrustCapital’s platform is available to all qualified US-based investors. The platform currently provides access to Bitcoin (BTC), Ethereum (ETH), Chainlink (LINK), Cardano (ADA), Polkadot (DOT), Uniswap (UNI), Compound (COMP), DogeCoin (DOGE), Bitcoin Cash (BCH), Litecoin (LTC), Stellar Lumens (XLM), EOS (EOS), Sushi (SUSHI), Yearn Finance (YFI), Polygon (MATIC), Aave (AAVE), and physical Gold and Silver. iTrust continues to review and add new assets frequently to meet demand.

iTrustCapital is also exploring the potential to provide new features to clients down the road, including staking services and the ability to participate in governance activities through governance tokens like Uniswap, Compound, MakerDAO, Sushi, Polkadot and more.

For more information about iTrustCapital, visit www.itrustcapital.com.

About iTrustCapital

The world’s leading digital asset IRA investment platform, iTrustCapital is disrupting the $35.4 Trillion in US retirement assets market by serving as an intermediary tool for clients to directly buy, sell, and trade cryptocurrencies and physical gold and silver in real-time through their retirement accounts. iTrustCapital’s revolutionary, IRS-compliant platform ditches the costly inefficiencies and outdated processes that have traditionally plagued IRA models, allowing investors to safely, simply, and legally move money from their IRA into the cryptocurrency and precious metals markets at a fraction of the cost of other IRA companies.

About Coinbase Custody

Launched in 2018, Coinbase Custody offers clients access to the secure, institutional-grade offline storage solution that has been used by Coinbase’s exchange business since 2012. Coinbase Custody is an independent, NYDFS-regulated entity built on Coinbase’s crypto-first DNA, offering the most sophisticated and reliable custody solution in the world.

Also Read other articles published on Disrupt Magazine, Check out this masterpiece – How to become a successful entrepreneur in young age written by Digital Marketing Coach Mr. Ujwal Sharma Sir

I work at one of the most active Venture Capital Firms in the world, Alumni Venture Group. Before joining AVG, I Co-founded Beast Media Agency, a digital marketing, and PR company focused on helping founders get their stories featured in online publications. In my free time, I like to interview entrepreneurs, founders, and influencers who are making an impact on the world for publications like The Hustlers Digest, Kivo Daily, Future Sharks, Thrive Global and Disrupt.

Advertisement Become A Crypto Expert

Join Disrupt Magazine

Become A Crypto Expert
Become A Disrupt Contributor

Most Disruptive

Entrepreneurship5 months ago

Navy Veteran Davis Chris Takes the Music Industry by storm

In life, you need to break down anything that might be holding you back and change course if need be...

Entrepreneurship6 months ago

5 Disruptive Leaders Paving the Way in 2021

Where there is uncertainty, lies a whirlwind of opportunity. 2020 was the year that had entrepreneurs learn a great deal...

Politics1 year ago

Brock Pierce Wants To Disrupt The Two Party System And Be Your Next President

We don’t usually cover politics much here at Disrupt, but when Crypto billionaire and friend of the show, Brock Pierce...

Business1 year ago

John Mcafee – Predictions For The Future

John McAfee is a world-famous tech CEO, computer scientist, civil disobedience activist, privacy advocate, and pioneer of the commercial anti-virus...

Finance1 year ago

Gaby Wall Street – Teaching Latinas to Thrive During The Crisis

It’s no secret we are facing one of the most challenging financial times of the last few decades as we...

Entrepreneurship1 year ago

Tony Delgado – The #1 Entrepreneurship Movement In Puerto Rico

Puerto Rican online market is in constant progress. With many entrepreneurs who are coming here to start a business, it...

Entrepreneurship1 year ago

Elena Cardone – The 10X Ladies Conference Is Declaring 2020 The Decade For Women

The next ten years are meant for women to continue growing their potential and succeeding in multiple areas, including business....

Marketing2 years ago

How Josh Elizetxe Built Snow Into a $40 Million Dollar Business

There is nothing quite like an entrepreneur’s determination when starting a business. That’s my original quote by the way (pun...

Entrepreneurship2 years ago

How Jason Capital Became A Self Made Millionaire By 24

Have you ever wanted to earn the respect of everyone who ever looked down on you at some point in...

Entrepreneurship2 years ago

Sam Bakhtiar On His Way To A Quarter Billion

Dr. Saman Bakhtiar, who prefers being referred as Sam, lives in an 8200 square foot $5.2 million house, Sam is...

Trending

Copyright © 2020 Disrupt ™ Magazine - Disrupt is a Minority Owned Privately Held Company

Disrupt ™ is the voice of Latino entrepreneurs around the world. We are part of a global movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities around the world. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. This Podcast was designed to give them a taste of that.