Crypto IRA iTrustCapital Now Allows Investors To Stake Crypto As Part of Its Retirement Account, Surpasses $6 Billion In Volume

Zinger Key Points
  • iTrustCapital Crypto IRA Surpassed $6 Billion In Transaction Volume This August.
  • The IRA Now Offers DOT Staking And Plans To Continue Adding Staking Support For Digital Assets.

Investment retirement account platform iTrustCapital recently surpassed $6 billion in total transaction volume in August, and the platform has plans to expand its services to offer digital asset staking, starting with Polkadot’s token DOT. This month, the IRA launched its DOT staking service which iTrustCapital’s Chief Strategy Officer Kevin Maloney told Benzinga about:

“We started with Polkadot, and we have thousands of clients involved with staking after the beta launch. That represents about 25% of DOT on our platform…It’s been just under 2 weeks since DOT staking went live.”

With a quarter of all DOT on the platform now being staked, there’s clearly strong interest to stake digital assets in iTrustCapital’s investment retirement accounts. This being said, DOT is just one of about 30 cryptocurrencies offered on iTrustCapital.

As such, the retirement account platform plans to add staking support for more digital assets in the coming months. Maloney told Benzinga, “iTrustCapital hasn’t announced staking for additional digital assets yet, but over the coming weeks and months these will be announced.” Investors that stake digital assets often view their investments as long-term positions. Being that iTrustCapital is an IRA, many of its users are also long-term oriented––making staking an excellent option for many using the platform.

Staking cryptocurrencies on a network offers a risk-averse way to earn a yield on one’s digital assets. This is in contrast to lending platforms, such as BlockFi and Celsius, which earn yield via lending rates rather than staking rewards. While APYs for lending are sometimes higher than staking as a validator, there are less risks involved with staking.

Maloney added a comment regarding risks, “We’re super transparent on fees and risks and we want them to understand the benefits and risks of staking.” Regarding DOT staking, users can earn up to 9.5% APY by staking with an iTrustCapital account. In the near future, it’s likely that the firm will add more support for various other digital assets alongside Polkadot.

Posted In: CryptocurrencyFintechMarketsTech

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.