Crypto.com said on Monday it has launched Crypto.com IRAs, a retirement account product available to eligible US users that combines cryptocurrencies, stocks and ETFs within a single app.
The product supports both Traditional and Roth IRA structures. Crypto.com said eligible users can receive up to 5% contribution match and an uncapped up to 2% match on transfers and rollovers, with zero account fees.
The unified app experience sits on top of two separate entities. Securities are offered through Foris Capital US LLC, which Crypto.com said is an SEC-registered broker-dealer and FINRA/SIPC member. Digital assets are held through Foris DAX Trust Company, LLC. The custody and legal infrastructure is divided by asset class even though the user interface is consolidated.
Supported digital assets can be staked within the retirement account, where permitted. Crypto.com’s launch materials described staking rewards as “high yield double-digit annual rewards.”
Kris Marszalek, Co-Founder and CEO, said: “We are giving consumers the ability to build their future with the best investment products and opportunities in crypto and stocks, all seamlessly in one place.”
Crypto.com said it plans to launch retirement accounts in additional markets in the future.
