LAS VEGAS, Oct. 24, 2022 /PRNewswire/ — Prime Trustthe leading provider of financial infrastructure for fintech and digital asset innovators, today opens its Crypto IRA to the public after a successful beta program launched earlier this year with businesses like SwanBitcoin, Coinbits, The Black Wall Street App & Digital Wallet and OnRamp.
The Prime Trust Crypto IRA is the only API-enabled product that allows enterprises to offer their customers the opportunity to invest in retirement funds in digital assets and take advantage of the tax benefits.
This year, the macroeconomic landscape has seen constant change. As the markets have shown signs of downturn globally, investors are looking for alternative asset classes to diversify their portfolios. As interest in digital assets rose dramatically in 2021, more people have come to understand that cryptocurrency is here to stay. With this in mind, there has been an uptick in demand from financial services organizations (FSOs) for products that enable long-term investments in digital assets.