Public Adds Crypto Trading to IRAs, Enabling Tax-Advantaged Bitcoin Rebalancing

According to PRNewswire, Public has formally launched crypto trading in U.S. IRA and Roth IRA accounts, expanding retirement account access to Bitcoin, Ethereum and Solana after its Alto acquisition.

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Summary

Public officially announced that crypto trading is now available in U.S. IRA and Roth IRA accounts on its platform, according to PRNewswire. The offering includes Bitcoin, Ethereum and Solana, and allows users to manage crypto alongside stocks and options within retirement accounts. The update expands on Public’s earlier statement about crypto investing in IRAs and follows its acquisition of Alto’s crypto retirement account business for $65 million, a deal involving approximately $600 million in assets under management.

Terms & Concepts
  • IRA (individual retirement account): A U.S. tax-advantaged retirement account that can let investments grow with specific tax benefits depending on the account type.
  • Roth IRA: A type of IRA generally funded with after-tax money, allowing qualified withdrawals in retirement to be tax-free under U.S. rules.
  • Crypto trading: The buying and selling of digital assets such as Bitcoin, Ethereum, and Solana through a brokerage or investment platform.