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Coinbase partners with 401(k) advisor to offer crypto investments for retirement accounts
Crypto exchange operator Coinbase has partnered with ForUsAll, a 401(k) advisor, to offer crypto investments for retirement accounts. The partnership will allow ForUsAll clients, i.e. small to medium-sized employers, to offer their employees an option to invest up to 5% of their portfolio into cryptocurrencies such as bitcoin and ether. Coinbase Institutional will manage trading and custody of those coins. This is a "first of its kind" initiative, according to ForUsAll, which manages over $1.7 billion worth of assets for over 70,000 employees. That figure, however, represents only a tiny portion of the $22 trillion ... (full story)
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ForUsAll Introduces the Alt 401(k), a Fully Integrated Retirement Plan With Cryptocurrency and Alternative Investments
ForUsAll, a leading retirement investment platform for small businesses, today announced the introduction of the Alt 401(k), its retirement investment platform that allows employers to provide alternative investment options within 401(k) plans -- a first of its kind. The company is enabling employers to offer cryptocurrency as the plan’s first alternative investment by selecting Coinbase Institutional, a leading cryptocurrency platform. “For too long, too many Americans haven’t had the same access to alternative investments that wealthy and professional investors have had. Our mission is to provide every ... (full story)