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Crypto IRA Finalized Integration Of Coinbase Custodial Serviced For Enhanced Security

By Robin Wong | June 18, 2021
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Cryptocurrency IRA and 401(k) provider iTrustCapital has reportedly finalized the integration of Coinbase Custody, providing enhanced security to crypto-asset investments for retirement planners. 

Specifically, the integration will reportedly equip iTrustCapital customers with Coinbase Custody’s cold storage for use as safekeeping for their assets, providing an additional layer of protection against hacks. 

Coinbase Custody will reportedly still have both SOC1 Type II and SOC2 Type II certifications available, which subjects the company to regular financial audits. 

Assets in the management of iTrustCapital will reportedly receive support from a commercial crime insurance policy, with a value equivalent to $255 million, per the firm. 

The extra security will reportedly be instantly rolled out to every existing iTrustCapital IRA and 401 (k) clients.

Coinbase has reportedly been known for its devotion across the sector, in terms of virtual assets custodial. The digital exchange is at the moment providing custodial services to over 10% of the accumulated crypto market capitalization, as of March this year. 

Todd Southwick, Head of iTrustCapital, reportedly revealed that his company finalizes the onboarding of “thousands of new users” every month, with the over assets it is in charge of managing has exceeded the $1 billion benchmark in early 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,” Southwick further revealed. 

The iTrustCapital platform reportedly grants investors in America the freedom for carrying out crypto investment incorporations into their retirement portfolios, with Bitcoin (BTC), Ethereum (ETH), Chainlink (LINK), Cardano (ADA), Polkadot (DOT), and different digital coins are currently supported.

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