Crypto IRA (individual retirement accounts) software platform iTrustCapital said it has reached $5 billion in total transaction volume and attributes the growth to its user experience.
“Digital Asset investing can be intimidating – especially when combined with an IRA,” Crypto IRA Chief Executive Officer Todd Southwick. “Once a client makes an investment decision, our platform does all the heavy lifting for the consumer, making the process more accessible to the broader market of retail investors.”
The 60 percent growth was attained in the wake of tipping $2 billion in transaction volume nine months prior.
The company acknowledged that most users are self-trading cryptocurrency for the first time, with the age demographics ranging from millennials and working professionals to senior citizens.
iTrustCapital indicated the company has attracted nearly 35,000 client-funded accounts since its inception while receiving over 1,950 Trust Pilot reviews yielding a 4.5-star average rating.
In January, iTrustCapital completed a Series A round at a valuation exceeding $1.3 billion. The proceeds are slated to expand products and services, scale client service and development teams, and launch additional marketing channels.
iTrustCapital is also anticipating hiring up to 50 additional employees this year at the company’s new headquarters, located in Irvine, California.