Crypto.com promotes IRA accounts that support both crypto and stocks

Popular digital asset exchange and trading platform Crypto.com has introduced Crypto.com IRAs, the first retirement accounts to combine crypto and stock investments on one platform.

Available to US users, the offering supports both traditional and Roth Individual Retirement Accounts and provides access to over 400 digital assets, over 12,000 stocks and exchanges through the company's mobile app.

“We are empowering consumers to build their future with the best investment products and opportunities in crypto and stocks,” said Chris Marszalek, co-founder and CEO of the Singapore-based firm.

Account holders can get matching contributions of up to 5% on new deposits and up to 2% funding from retirement plans with no limit on transfer match. The company does not charge any fees for opening, moving or maintaining an account.

The product also allows users to share certain tokens in retirement holdings, with rewards flowing directly into their tax-advantaged accounts.

The launch follows regulatory developments that have eased barriers to holding digital assets in retirement portfolios.

Last August, President Donald Trump issued an executive order instructing federal agencies to expand asset-alternative investment in 401(k) and other defined benefit retirement plans.

Under the order, regulatory oversight and the threat of litigation have limited Americans' ability to benefit from private markets, real estate, digital assets, commodities, infrastructure and certain income strategies.