RATE Group | Bitcoin IRA Is Letting Customers Lend Out Their Crypto Retirement Funds
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Bitcoin IRA Is Letting Customers Lend Out Their Crypto Retirement Funds

22 Oct Bitcoin IRA Is Letting Customers Lend Out Their Crypto Retirement Funds

Posted at 20:46h in Bitcoin News by

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Bitcoin IRA will soon allow customers to lend their retirement assets for interest. 

The firm, which provides digital asset individual retirement accounts (IRAs) is partnering with digital currency trader and lender Genesis Trading to offer interest on cryptocurrency and cash holdings that customers want to lend out, including bitcoin, ether, XRP, litecoin, and zcash. 

The program will be launched in November with a limited number of participants on a first-come, first-served basis, and annual interest rates will vary based on lending coin and term length. 

Bitcoin IRA declined to define a limit, but chief operating officer Chris Kline told CoinDesk that the firm aims to have the product available to anyone over the next six to seven months. 

Kline said:

“We’re breaking new ground here, and we want to make sure clients understand everything and that it works well.”

The product is part of the company’s goal to eliminate annual custodial and monthly wallet…

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