Bitcoin IRA launches crypto retirement accounts insured for $100m, courtesy of BitGo

Bitcoin IRA, a company that specialises in offering crypto for individual retirement accounts (IRAs), has launched a new account offering $100 million worth of annual insurance coverage in partnership with custodian BitGo Trust.

The move will see each new Bitcoin IRA account covered by default against theft or loss of cryptographic keys, the two firms announced on Tuesday. There are no additional charges to use BitGo Trust as a cold-wallet custodian and to have the $100 million insurance policy, Bitcoin IRA told The Block.

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