Bitcoin IRA, a secure digital asset IRA technology platform that allows clients to purchase cryptocurrencies and other digital assets for their retirement accounts, today released activity trends on its 24/7 self-trading IRA platform.
Since 2016, Bitcoin IRA has processed over $400 million in cryptocurrency transactions, opened more than 50,000 consumer accounts and performed thousands of individual trades for its clients. In December 2018 the company launched its proprietary real-time online trading platform for self-directed IRAs, enabling its clients to buy, sell, and swap cryptocurrencies directly inside their retirement accounts 24 hours a day, 7 days a week.
The data highlighted in this release reflects the transaction activity on the company's platform since it launched in late 2018.
Key takeaways:
Methodology
Data used for this report represents thousands of transactions made exclusively on the Bitcoin IRA 24/7 self-trading platform since launching in December 2018. A transaction is any single cryptocurrency that was purchased or liquidated on the Bitcoin IRA platform. For the purposes of this report, swaps were counted as two transactions, a purchase and a liquidation, and each cryptocurrency was counted as a separate transaction for orders with multiple cryptocurrencies in a single order. Actual transaction amounts and volumes were excluded from this report for consumer privacy.
In addition to this report, earlier this year the company announced reaching a milestone of $400 million in cryptocurrency transactions and enabling its self-directed clients to generate an average net return of 11.6%.
Chris Kline, COO, Bitcoin IRA said:
"This data represents our hard work and dedication in providing a secure, accurate, and high-quality platform for our clients that enables them to capitalize on the incredible growth of cryptocurrencies. Transaction volumes recently reached all-times highs and we expect that trend to continue through 2020 as the market matures and consumer adoption increases."
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