Friday, July 9, 2021

ErisX Joins RITA to Help Crypto Investments for Self-Directed IRAs

CHICAGO & NEW YORK–(BUSINESS WIRE)–ErisX right this moment declares that it has joined the Retirement Business Belief Affiliation (RITA) to…

By Staff , in IRAs , at July 8, 2021

CHICAGO & NEW YORK–(BUSINESS WIRE)–ErisX right this moment declares that it has joined the Retirement Business Belief Affiliation (RITA) to help within the schooling and advocacy of crypto investing for self-directed IRAs.

RITA was established in 1987 to advertise the pursuits of trustees, custodians and directors of self-directed retirement plans holding various property by means of legislative and regulatory foyer actions. At the moment, RITA members maintain roughly $100 billion in various property in self-directed retirement plans.

In an effort to develop IRA holders’ funding and buying and selling choices to incorporate cryptocurrencies and stablecoin merchandise (Bitcoin, Ether, Litecoin, Bitcoin Money and USDC) and to assist them obtain their monetary objectives, ErisX has been working with plenty of IRA custodians and directors.

“We’re happy to welcome ErisX as members of the RITA group to assist us elevate consciousness about crypto for self-directed IRAs,” stated Mary Mohr, Govt Director of RITA. “Crypto has gained substantial curiosity from retirement buyers and we’re excited to supply our members a possibility to study extra and interact with a safe and clear crypto market.”

“We stay up for additional working with the RITA group and its members to supply entry to our licensed, U.S. based mostly spot market. This may allow particular person buyers of every kind to purchase and promote cryptocurrencies and confidently diversify their IRA portfolios,” stated Thomas Chippas, CEO of ErisX. “Opening an account at ErisX is quick and simple, with only a few easy steps.”

Buyers who’ve a self-directed IRA with one among our collaborating companions full the ErisX onboarding course of as a person member by clicking enroll on the ErisX web site. Along with particular person IRA accounts, entities can onboard through IRA LLC or Solo 401K. Members can ship their requests to [email protected] For extra info, please go to

About ErisX

ErisX Futures are provided by means of Eris Alternate, LLC, a Commodity Futures Buying and selling Fee (CFTC) registered Designated Contract Market (DCM) and Eris Clearing, LLC, a registered Derivatives Clearing Group (DCO). The CFTC doesn’t have regulatory oversight authority over digital foreign money merchandise together with spot market buying and selling of digital currencies. ErisX Spot Market will not be licensed, permitted or registered with the CFTC and transactions on the ErisX Spot Market should not topic to CFTC guidelines, laws or regulatory oversight. ErisX Spot Market could also be topic to sure state licensing necessities and operates in NY pursuant to Eris Clearing’s license to interact in digital foreign money enterprise exercise by the New York State Division of Monetary Companies.

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