Monday, January 7, 2019

Bitcoin IRA Launches White Label Product For Financial Advisors, Wealth Managers

Los Angeles-based Bitcoin IRA, a startup which is developing a platform to let people invest their retirement funds into cryptocurrency, says it is launching a new "white-label" product which will let any financial advisor, registered investment advisor (RIA), wealth managers, and others offer up investments into cryptocurrency IRAs for their clients. According to the company, the new product will let financial advisors trade cryptocurrentcy 24/7 for their clients on behalf of their customers, or let their customers trade for themselves. The startup already offers up a "Self-Trader" version of its service that lets users buy, sell, and swap cryptocurrency inside their retirement accounts. The company claims its has nearly 5,000 customers and has processed over $300M in investments through its platform. Despite the interest in trading cryptocurrency, 2018 was not a good year for Bitcoin and other cryptocurrencies, which have been experiencing what many have termed a bit "cryptocurrency crash".