Strategic relationship between Gemini and Directed IRA allows self-directed IRAs and solo 401(k)s to buy and sell crypto
Since launching its Crypto IRA Solution through a strategic relationship with Gemini in May 2021, Directed IRA has attracted over $40M in crypto IRA investments as of 2021. Directed IRA is on track to have over $100M invested into IRA owned crypto trading accounts at Gemini within its first year.
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“IRAs of the future will own Bitcoin, crypto, and other digital assets. The IRA and crypto expertise of Directed IRA and Gemini has resulted in a best-in-class and simplified low-fee Crypto IRA product.” Mat Sorensen, Attorney, Founder, and CEO of Directed IRA by Directed Trust Company.
Through the strategic relationship, Directed IRA and Gemini are simplifying the process of using an IRA to invest in cryptocurrency and putting trading and investment controls in the hands of the IRA owner in a cost-effective manner.
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Directed IRA selected Gemini because they are one of the few licensed and audited providers in the crypto industry and have leading product, security, licensing, and compliance capabilities.
“We’re proud of the tremendous growth that Directed IRA has experienced in offering crypto exposure to IRA owners. As the exclusive custody and exchange provider of Directed IRA we’re thrilled that investors have diversified their retirement holdings with crypto assets and look forward to continuing support of further growth in this space.” said Kristen Mirabella, Director, Business Development, at Gemini.
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