Crypto.com launches IRA product combining stocks and crypto
Summary
Crypto.com has launched a new U.S.-based Individual Retirement Account (IRA) product, available through its app, which uniquely allows users to hold both traditional stocks/ETFs and digital assets within a single tax-advantaged account. The offering includes Traditional and Roth IRA options. Users can invest in Bitcoin, Ether, and over 400 other tokens, with some crypto assets being eligible for staking rewards earned within the IRA structure. Crypto.com CEO Kris Marszalek stated the launch aims to give consumers access to the best investment products in both crypto and stocks seamlessly. This move aligns with broader industry trends, as policymakers and institutions, including recent executive actions and proposed legislation, are increasingly exploring ways to integrate digital assets into retirement portfolios, though Crypto.com's product is an individual account, not an employer-sponsored 401(k).
(Source:The Block)