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ForUsAll partners with Coinbase

ForUsAll partners with Coinbase

ForUsAll is a United States-based retirement plan provider. The firm is joining hands with Coinbase to allow clients to invest up to 5% of their portfolio assets in cryptocurrencies.


Small to Medium


This pension provider mainly serves small to medium-sized businesses. It is working to offer exposure to more than 50 cryptocurrencies in a product called Alt 401(k).


David Ramirez


David Ramirez is the firm’s co-founder and chief investment officer. He addressed the concerns regarding offering crypto products in pension portfolios. He also said that cryptocurrencies might be volatile.


Disadvantage

But US citizens will be at a disadvantage if they do not have the option of accessing crypto assets in their retirement plans. The firm handles $1.7 billion in retirement plan assets. However, this accounts for a small portion of the $22 trillion retirement account markets.


401 Plan

In the US, a 401 plan is an employer-sponsored defined contribution pension account. Subsection 401 of the internal revenue code describes the plan.


Trusts

However, the largest institutional firms do not allow consumers to buy or sell cryptocurrency in individual retirement accounts. But they can purchase shares in trusts investing in crypto assets.


Bitcoin IRA

Tom Jessop says that crypto hit its tipping point. Bitcoin IRA allows the direct purchase of crypto assets and gold for retirement plans. They founded the firm in 2016.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.