PLANTATION, Fla., Dec. 13, 2021 /PRNewswire/ -- TradeStation announced today that TradeStation Crypto, Inc. customers can now own cryptocurrency as an alternative investment in a Self-Directed Individual Retirement Arrangement (IRA). With a Self-Directed IRA, customers can decide to buy cryptocurrency to further diversify their retirement assets maintained in their IRAs.
TradeStation's Self-Directed IRA allows customers to hold and trade crypto in a tax-deferred account that provides exposure to crypto assets as well as the opportunity to earn interest on crypto assets held at TradeStation Crypto.* TradeStation's Self-Directed IRA provides flexibility for individuals and investment advisers who aim to achieve greater diversification by including access to cryptocurrency. In response to customers' increasing interest in crypto, this new arrangement will allow customers to gain additional exposure to digital assets as an alternative investment.
With a TradeStation Self-Directed IRA customers can:
- Invest in crypto, stocks, options, and futures*
- Trade crypto with no crypto custody feesƚ
- Get the tax advantages of IRA accounts when buying or selling crypto holdings
- Take advantage of TradeStation's award-winning crypto platform and toolsǂ
"With the rollout of this enhancement to TradeStation's Self-Directed IRAs we are excited to offer customers the ability to own crypto assets as they plan for retirement," said James Putra, Vice President, Product Strategy at TradeStation Crypto, a subsidiary of TradeStation Group. "Crypto assets and blockchain remain one of the most disruptive innovations within the financial industry. We are proud to showcase our dedication to providing our customers expanded product and service offerings with the addition of owning crypto in their IRAs."
Please visit TradeStation.com to open a Self-Directed IRA account with TradeStation.
About TradeStation Group, Inc.
TradeStation has, for decades, been a fintech pioneer in its support of self-directed traders and investors in their journeys to claim their financial edge. TradeStation provides award-winning trading and analysis platforms and self-clearing online brokerage services for stocks, ETFs, equity and index options, commodity and financial futures, futures options, and cryptocurrencies. These trading platforms are accessible on desktop, Web and mobile, as well as via API technologies which seamlessly provide access to TradeStation's brokerage environment through third-party platforms. TradeStation's offerings also include deep and growing learning content designed to build confidence among those new to investing and hone the skills of seasoned traders.
TradeStation Securities, Inc. (Member NYSE, FINRA, SIPC, NSCC, DTC, OCC, NFA & CME offers self-clearing equities, options, futures and futures options brokerage services as a licensed securities broker-dealer and futures commission merchant (FCM), and is a member of major equities and futures exchanges in the United States. TRADESTATION SECURITIES, INC. IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT THE NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS. TradeStation Crypto, Inc. offers self-clearing cryptocurrency brokerage services under federal and state money services business, money-transmitter and similar registrations and licenses. TradeStation Crypto, Inc. is not subject to NFA's regulatory oversight and examinations.
* Equities, equity options and commodity futures products and services are offered by TradeStation Securities, Inc. (Member NYSE, FINRA, CME and SIPC). Cryptocurrency and digital asset products and services are offered by TradeStation Crypto, Inc. Interest on crypto assets is paid in the same assets held by customers, interest rates are subject to change and TradeStation Crypto reserves the right to discontinue payment of interest at any time. For additional information see the "Crypto IRA" and "Crypto Interest" FAQs at https://www.tradestation.com/faqs/.
ƚ See https://www.tradestation.com/pricing/ for transaction fees charged by TradeStation companies in TradeStation's Self-Directed IRAs and https://www.tradestation.com/pricing/service-fees/ for service fees charged by TradeStation companies in TradeStation's Self-Directed IRAs.
ǂ Visit TradeStation.com/Awards for more information.
Important Information:
The information contained in this press release is provided for information purposes only, it is not intended to constitute tax advice which may be relied upon to avoid penalties under any federal, state, local or other tax statutes or regulations and does not resolve any tax issues in your favor. Refer to IRS Publication 590, Individual Retirement Accounts for additional information on IRAs in general and consult your tax professional about your individual tax situation.
SOURCE TradeStation Group, Inc.
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