iTrustCapital Surpasses $6 Billion in Crypto IRA Transactions; Marking a 200% Increase in the Last 12 Months
IRVINE, Calif.(August 24, 2022) –iTrustCapital, awarded best software platform in America for buying and selling cryptocurrencies through individual retirement accounts (IRAs),* has announced reaching $6 billion in total transaction volume.This growth represents a 200% increase after tipping $2 billion in transaction volume in July of 2021.
Chief Strategy Officer, Kevin Maloney, attributes this milestone to iTrustCapital’s latest product offerings. “Despite the crypto bear market in the first half of this year, our team has worked diligently to continually enhance our platform with a goal of improving user experience and customer engagement.Our highly focused marketing efforts, valuable client feedback, and deep alignment with the crypto community have certainly catalyzed this milestone.”
Several improvements to iTrustCapital’s product offerings have contributed to lowering the barrier for entry into the self-directed Crypto IRA space, including decreasing the contribution amount to open an account from $2,500 to $1,000, and eliminating monthly service fees. Notably, August 2022 is on track to be the highest average initial funding month of the year thus far.
In addition to transaction volume, the Company has also experienced a significant uptick in newly funded client accounts over the last eight months, resulting in increased transaction activity and overall usage on the platform. During this period, newly funded accounts grew 61%, from 25,000 to more than 40,000. Users may establish one or more IRA accounts including a ROTH, SEP, or Traditional IRA on the iTrustCapital platform.
Headquartered in Irvine, CA,iTrustCapital was founded in 2018 with a mission and vision to disrupt the self-directed IRA industry by empowering clients to buy and sell cryptocurrencies with certain tax advantages.** In 2021, iTrustCapital was voted Innovator of the Year and Best Crypto Investment Platform by the IMA Impact21 Awards. iTrustCapital's revolutionary software platform eliminates the costly inefficiencies and outdated processes of previous IRA models, opening the door for clients to access and self-trade various digital assets through their IRAs. iTrustCapital's software platform is available to all qualified US-based investors (excluding NY and HI) and in connection with its partners currently provides access to 29 Cryptocurrencies as well as physical gold and silver. New digital assets are added frequently to meet client demand.
iTrustCapital, in connection with its partners and vendors, has attracted more than $2 billion in assets and more than 40,000 client-funded accounts since inception. The company grew from $2 billion to $6 billion in total transaction volume over the last year and has received more than 2,200 Trust Pilot reviews, boasting an "Excellent" 4.4-star average rating. iTrustCapital has consistently garnered excellent ratings and offers some of the lowest fees among its competitors while focusing on efficiencies made possible through scalable technology and a commitment to delivering an excellent client experience. Transforming this self-directed IRA market will help unleash $13 trillion worth of U.S retirement assets into alternative assets.
*Internet Marketing Association, Impact21 - Awards include Innovator of the Year and Best Crypto Investment Platform.
**Some taxes and conditions may apply.
iTrust Capital, Inc. is not an exchange, funding portal, custodian, trust company, licensed broker, dealer, broker-dealer, investment advisor, investment manager, or adviser in the United States or elsewhere. iTrust Capital, Inc. is not affiliated with and does not endorse any particular cryptocurrency, precious metal, or investment strategy.
Cryptocurrencies are a speculative investment with risk of loss. Precious metals are a speculative investment with risk of loss. Staking involves considerable risk. Cryptocurrency is not legal tender backed by the United States government, nor is it subject to Federal Deposit Insurance Corporation (“FDIC”) insurance or protections. The self-directed purchase and sale of cryptocurrency through a cryptocurrency IRA have not been endorsed by the IRS or any regulatory agency. Historical performance is no guarantee of future results.
Some taxes and conditions may apply depending on the type of IRA account. Investors assume the risk of all purchase and sale decisions. iTrust Capital, Inc. makes no guarantee or representation regarding investors’ ability to profit from any transaction or the tax implications of any transaction. iTrust Capital, Inc. does not provide legal, investment or tax advice. Consult a qualified legal, investment, or tax professional.
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