ErisX and Community National Bank Offer Crypto for Self Directed IRAs
ErisX is pleased to announce that Community National Bank (CNB) customers can now access crypto through their self-directed IRA accounts. ErisX and CNB are working together to expand IRA holders’ investment options to include cryptocurrency products available on ErisX including Bitcoin, Ether, Litecoin, Bitcoin Cash and Circle’s USDC stablecoin.
With more than 35 years of IRA experience, CNB Custody has built a reputation for providing exceptional service, record-keeping accuracy and competitive fees. CNB is an award-winning national bank with over $3 billion in assets under custody and is regulated by the OCC. A member of the Retirement Industry Trust Association, CNB can assist you with Roth, Traditional, and SEP IRAs.
ErisX and CNB are two regulated institutions subject to Know Your Customer (KYC)/Anti-Money Laundering (AML) provisions. Together, we have worked hard to put the customer first and eliminate duplicative data requests without taking compliance shortcuts. CNB customers experience an efficient onboarding process making it easy to access crypto.
“We have worked with CNB to streamline the onboarding process where CNB Members can open an account in a few simple steps*,” said Thomas Chippas, CEO of ErisX. “Cryptocurrencies have become an asset class that is hard to ignore and create an opportunity to diversify IRA investments.”
“CNB is known for our exceptional service, accuracy, and competitive fees. In concert with ErisX, we are providing access to the crypto markets with building blocks borrowed from traditional commodity markets,” said Michelle Thomas, VP of Marketing and Business Development at CNB. “Customers can now invest in crypto at CNB, allowing them the tax advantages of an IRA while diversifying their portfolios with crypto.”
*To open an ErisX IRA crypto account, please contact your CNB representative.
Licenses and Registrations
ErisX’s Spot Market is subject to certain state licensing requirements and operates in NY pursuant to Eris Clearing’s license to engage in virtual currency business activity by the New York State Department of Financial Services. https://www.erisx.com/disclaimer/