CHICAGO & NEW YORK, July 08, 2021– (BUSINESS WIRE) – ErisX today announced that it has joined the Retirement Industry Trust Association (RITA) to help educate and advocate for crypto investing for self-directed IRAs.
RITA was established in 1987 to promote the interests of trustees, custodians and administrators of self-directed pension plans holding alternative assets through legislative and regulatory lobbying activities. Currently, RITA members hold around $ 100 billion in alternative assets in self-administered pension plans.
With the aim of expanding the investment and trading options of IRA holders to include cryptocurrencies and stable products (Bitcoin, Ether, Litecoin, Bitcoin Cash and USDC) and to help them achieve their financial goals , ErisX has worked with a number of IRA custodians and administrators.
âWe are delighted to welcome ErisX as a member of the RITA organization to help us raise awareness of crypto for self-directed IRAs,â said Mary Mohr, Executive Director of RITA. “Crypto has generated substantial interest from retired investors and we are delighted to offer our members the opportunity to learn more and engage in a secure and transparent crypto market.”
âWe look forward to continuing to work with the RITA organization and its members to provide access to our US-based licensed spot market. This will allow individual investors of all types to buy and sell crypto. currencies and confidently diversify their IRA portfolios, âsaid Thomas Chippas. , CEO of ErisX. “Opening an account with ErisX is quick and easy, with just a few simple steps.”
Investors who have a self-directed IRA with one of our participating partners complete the ErisX onboarding process as an individual member by clicking register on the ErisX website. In addition to individual IRA accounts, entities can integrate through IRA LLC or Solo 401K. Members can send their requests to [email protected] For more information, please visit www.erisx.com.
ErisX Futures are offered by Eris Exchange, LLC, a Commodity Futures Trading Commission (CFTC) registered on the Designated Contract Market (DCM) and Eris Clearing, LLC, a registered derivatives clearing organization (DCO). The CFTC does not have regulatory oversight authority over virtual currency products, including trading in the virtual currency spot market. ErisX Spot Market is not authorized, approved or registered with the CFTC and transactions on ErisX Spot Market are not subject to CFTC rules, regulations or regulatory oversight. ErisX Spot Market may be subject to certain state licensing requirements and operates in New York City under the Eris Clearing License to Engage in Virtual Currency Trading Issued by the State Department of Financial Services from New York.
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