Cryptocurrency Asset Personal Retirement Account (BITCOINIRA) Platform Appears in the U.S.

BitcoinIRA, which develops and provides products for cryptocurrency assets, has released BitcoinIRA, which handles 12 types of cryptocurrency assets.

The IRA is part of the U.S. personal pension system with tax benefits for contributions and operating profits. While the existing IRA deals with stocks and bonds, BitcoinIRA deals with 12 types of cryptocurrency such as Bitcoin and Etherium.

All of the tokens that are being traded can be controlled by customers, and it also provides the ability to place orders for multiple tokens at once.

Offered under a partnership with BitGo Trust, the product will be subject to up to $100 million in insurance for the loss of assets and a 30 percent discount on wallet management costs. In addition, BitGo Trust's custodian holds 100% of its customer's assets in a cold wallet.

Recently, many products that invest in cryptocurrency assets for long-term investments have emerged in 2019. Products that are currently drawing attention are ones that can invest in a number of tokens based on market capitalization price and trust, which are part of cryptographic assets that does not necessarily have tokens.

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