News | 06.16.21
Cryptocurrency Comes to Retirement Plans as Coinbase Teams Up With 401(k) Provider
ForUsAll Inc., a 401(k) provider, announced earlier this month a deal with the institutional arm of Coinbase Global Inc., a leading cryptocurrency exchange, that will allow workers in plans it administers to invest up to 5 percent of their 401(k) contributions in bitcoin, ether, litecoin, and others. Executives at ForUsAll won’t say how many of the firm’s 400 employer clients have signed up for the cryptocurrency platform so far. With just $1.7 billion in retirement-plan assets, ForUsAll represents a small piece of the $22 trillion retirement-account market.
Read the full article on Wall Street Journal.