Public Opens Crypto Trading to IRAs
Public, the AI-native investing platform, has announced that crypto trading is now available inside traditional and Roth individual retirement accounts (IRAs).
This move allows members to build their crypto positions for the long term with potential tax-deferred or tax-free earnings, says Public.
“Crypto has matured from an experimental asset class into a global asset class, but retirement investing hasn’t kept pace,” said Leif Abraham, co-CEO and co-founder of Public. “Launching crypto trading in IRA accounts on Public is a new innovation that is allowing investors to take advantage of potential tax benefits and trade more asset classes for retirement.”
With this launch, Public members can now manage their crypto alongside equities and options. Public is also offering a 1% match on all annual IRA contributions, as well as an uncapped 1% match on IRA transfers and 401(k) rollovers.
Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with nearly a decade of experience and a passion for telling stories and reporting news. She is originally from Queens, New York, but now resides in Denver, Colorado.