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Coinbase Custody Integrated by Crypto IRA Following Surge in Trade Volumes

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Jun 15, 2021

According to the latest reports, iTrustCapital has revealed that it has integrated new custody into its platform. The firm has announced it is the Coinbase Custody that has been integrated by iTrustCapital into the platform.

iTrustCapital is reportedly the provider of 401(k) and Cryptocurrency IRA. The firm has announced that with the help of the integration, it will be able to offer more robust security for the retirement planners. The robust security will be offered in terms of investments in digital assets.

Following the integration, the Coinbase Custody will be responsible for securing the assets for the clients of iTrustCapital. The Coinbase Custody will proceed with securing the assets through its cold storage. The cold storage would add another layer that would protect the digital assets of the iTrustCapital clients.

Coinbase Custody is known for undergoing regular financial audits, which let it maintain SOC1 Type II and SOC2 Type II certifications.

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iTrustCapital has also adopted the commercial crime insurance policy to add more protection to the assets of the clients. iTrustCapital has confirmed that the CCIP it has adopted is currently valued at $255 million.

According to iTrustCapital, the added protection automatically gets implemented to the clients of iTrustCapital 401 (k) and IRA. When it comes to providing custody for the digital assets, Coinbase acts as an industry stalwart.

The CEO of iTrustCapital, Todd Southwick talked about the adoption rate their company has observed since the beginning of 2021. Southwick stated that since the beginning of the year, their company has onboard thousands of users that are active on a monthly basis.

As a result, the company has observed its assets under management (AUM) hit all-time highs. According to Southwick, as of now, the total assets under management at iTrustCapital are more than $1.5 billion.

He stated that iTrustCapital has been making constant improvements and developments to their project. They are doing this to ensure they are able to onboard and cater to as many investors as possible. This way, they will be able to capitalize on the demand as much as they can.

The firm is going to help the investors capitalize their savings in the form of physical gold and digital assets they would be saving in their retirement accounts.

With the help of iTrustCapial, investors in the United States have the ability to invest in cryptocurrencies. This way, they are able to double their profits and increase funds in their retirement accounts.

At present, investors can purchase cryptocurrencies such as Polkadot (DOT), Cardano (ADA), Chainlink (LINK), Ethereum (ETH), Bitcoin (BTC), and many other cryptocurrencies. The platform also allows the investors to save up in the form of physical assets such as silver and gold.

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