January 14, 2025

2024 was a big year for the crypto world. Support from politicians and strong performances from coins like Bitcoin boosted their reputation. One major highlight was the SEC approving spot Bitcoin ETFs. This showed that cryptocurrencies are becoming more accepted. In this environment, iTrustCapital has worked hard to redefine what’s possible in the industry. They aim to be a reliable partner for those looking to invest in cryptocurrencies.

iTrustCapital's Role in the Crypto Landscape

iTrustCapital is a leading platform for digital asset IRAs. It allows clients to buy and sell cryptocurrencies through tax-advantaged retirement accounts. Since launching in 2018, their mission has been clear: provide secure access for millions of investors eager to explore the potential of blockchain technology. With a user-friendly fintech platform, they equip individuals with tools to manage their digital assets safely.

They have seen impressive growth. iTrustCapital has attracted over 200,000 new accounts and executed $11 billion in transactions. Clients can choose from a wide range of cryptocurrencies.

Over the years, iTrustCapital has earned recognition in the industry. Recently, they made Deloitte's Technology Fast 500 list, ranking #162 among the fastest-growing companies in North America. They also won the Crypto Award at the 2024 U.S. FinTech Awards, highlighting their excellence in financial technology. Other accolades include winning Best Cryptocurrency Website at the 2024 Web Awards and a Stevie Award for Achievement in Customer Experience. These awards reflect their commitment to putting clients first.

Kevin Maloney, the CEO of iTrustCapital, shared his thoughts on the recognition. He said, “2024 has been an extraordinary year! The awards and recognition we received show the dedication of our team and the trust we’ve built in the industry.” Feedback from clients backs this up. They have over 6,000 excellent reviews on platforms like Google and Trustpilot, praising the platform’s ease of use, security, and customer service.

iTrustCapital's Operational Standards

iTrustCapital offers self-directed Individual Retirement Accounts (IRAs). This lets clients buy and sell cryptocurrency while enjoying tax benefits. Investors can hold cryptocurrencies like Bitcoin, Ethereum, XRP, Solana, and Sui with tax-deferred growth or tax-free withdrawals*. The tax benefits vary based on whether the account is funded with pre-tax or after-tax dollars.

For instance, the IRS treats Bitcoin as an investment. This means it’s subject to capital gains tax when sold at a profit. However, if it’s held inside a Crypto IRA, those gains may be tax-deferred or tax-free, depending on the account type.

While some crypto service providers have mixed client assets with operational funds, iTrustCapital stands apart. They hold all Crypto IRA assets off-balance sheet through a regulated Trust Company partner. In 2024, they raised their standards by partnering with Fortis Bank, a federally chartered bank and state-regulated qualified custodian. They also teamed up with Fidelity Digital Assets for institutional digital asset custody and Coinbase Prime for liquidity services.

These actions show iTrustCapital's commitment to security, transparency, and compliance. They ensure that all assets are held off-balance sheet and fully segregated.

Looking Ahead

With a pro-crypto administration set to take office on January 20th, the future of digital assets looks bright. These milestones signal not just progress but also a confirmation that cryptocurrency is here to stay, solidifying its role in the financial industry.

iTrustCapital is leading the way with innovative solutions for buying and selling crypto outside traditional exchanges. As more people recognize the platform’s safety and the tax advantages of Crypto IRAs compared to standard exchanges, the company’s growth and leadership in the industry are likely to continue into 2025 and beyond.

Maloney concluded, “Our mission has always been about empowering our clients to take control of their financial futures. As we step into 2025, we’re excited to launch new products and services, continue to serve our clients with excellence, and thrive as a company—setting the bar even higher for the crypto industry.”

*Some taxes may apply.