Cision PR Newswire
iTrustCapital Launches Conditional Transactions Feature
News provided byiTrustCapital
Jun 29, 2022, 2:14 PM ET
IRVINE, Calif., June 29, 2022 /PRNewswire/ -- iTrustCapital, awarded best crypto investment platform*, recently introduced Conditional Transactions as an added feature for its users. Conditional Transactions allow clients to set price conditions above or below current market prices under which a market order will be executed to enter/exit positions automatically if an asset reaches the desired market price. Conditional Transactions on the iTrustCapital platform offer users the ability to execute transactions automatically when price parameters are met.
Since releasing the feature in May 2022, the Company has seen a 59% month-over-month increase in Conditional Transaction volume; 73% of the volume can be attributed to buys on the platform. The first half of June 2022 saw the 8th largest transaction volume day in the Company's history.
"We're thrilled with the usage of Conditional Transactions on the platform since its launch, with the average daily conditional transaction volume above 10 percent", said Andrey Chabanov, Head of Product. "Segments of our client-base have embraced this simple, but effective, feature."
The Company has shown continuous growth, with a wide range of users actively engaged in asset offerings. iTrustCapital recently reached more than $5 billion USD in total transaction volume on its software platform, showing a leap of 60% after tipping $2 billion in transaction volume just nine months prior.
In January of this year, iTrustCapital announced a Series A round at a valuation exceeding $1.3 billion. The Company aims to expand products and services, scale client service and development teams, and launch additional marketing channels. The Company recently moved to new office space, anchoring the headquarters in Irvine, California.
iTrustCapital, named Innovator of the Year in 2021*, allows clients to buy and sell cryptocurrencies with the tax advantages** of an IRA. iTrustCapital's software platform aims to eliminate the costly inefficiencies and outdated processes of previous IRA models, revolutionizing access to various digital assets through retirement accounts – at costs lower than other IRA companies. Headquartered in Irvine, CA, iTrustCapital was founded in 2018 by Todd Southwick and Blake Skadron. iTrustCapital's software platform is available to all qualified US-based investors (excluding NY and HI) and in connection with its partners currently provides access to 29 cryptocurrencies, as well as physical gold and silver. New assets are being added frequently to meet demand and expand available offerings.
*Internet Marketing Association, Impact21 - Awards include Innovator of the Year and Best Crypto Investment Platform.
**Some taxes and conditions may apply.
iTrust Capital, Inc. is not an exchange, funding portal, custodian, trust company, licensed broker, dealer, broker-dealer, investment advisor, investment manager, or adviser in the United States or elsewhere. iTrust Capital, Inc. is not affiliated with and does not endorse any particular cryptocurrency, precious metal, or investment strategy.
Cryptocurrencies are a speculative investment with risk of loss. Precious metals are a speculative investment with risk of loss. Cryptocurrency is not legal tender backed by the United States government, nor is it subject to Federal Deposit Insurance Corporation ("FDIC") insurance or protections. The self-directed purchase and sale of cryptocurrency through a cryptocurrency IRA have not been endorsed by the IRS or any regulatory agency. Historical performance is no guarantee of future results.
Some taxes and conditions may apply depending on the type of IRA account. Investors assume the risk of all purchase and sale decisions. iTrust Capital, Inc. makes no guarantee or representation regarding investors' ability to profit from any transaction or the tax implications of any transaction. iTrust Capital, Inc. does not provide legal, investment or tax advice. Consult a qualified legal, investment, or tax professional.
© 2022 iTrust Capital, Inc.
All rights reserved.
Kevin Maloney, MBA