... [+]San Francisco-based 401 provider ForUsAll will allow employees to invest part of their 401 directly into the cryptocurrencies of the Coindesk Market Select Index —an index designed by the Digital Currency Group-owned crypto news site and currently made up of 28 different coins.
"This is a groundbreaking move to bring crypto to the people," Jodie Gunzberg, managing director of indices at Coindesk, said in an interview, adding it reflects the way investors access the stock market via the S&P 500 and Nasdaq 100 indices. The move is a huge expansion of the six cryptocurrencies—bitcoin, ethereum, solana, polkadot, cardano and the dollar-pegged stablecoin USDC—ForUsAll began offering to workers last year.
ForUsAll chief executive David Ramirez pointed to demand among younger people to invest in crypto and blockchain technology."Like many institutional investors, they believe blockchain is a potentially transformative technology," Ramirez said in a statement, adding ForUsAll has installed guardrails to limit investor's overall 401 crypto allocations.
The CMIS includes better-known cryptocurrencies such as bitcoin, ethereum and litecoin as well as the likes of AXS, the cryptocurrency of blockchain-based game Axie Infinity that
ForUsAll401k Forbes DON’T use Coinbase to off ramp to DEFI they will block / disable your account
ForUsAll401k Forbes “Your account is temporarily suspended from sending cryptocurrency off the Coinbase platform. This is to protect against loss, because after funds are sent off our platform, we have no way to reverse those transactions.”
ForUsAll401k Forbes and before the transaction completely cleared they disabled my withdraws
ForUsAll401k Forbes Coinbase blocking me from withdrawing my crypto to an external Wallet.. I don't need any help I just want people to see that Coinbase can freeze your account at any second.. I have thousands stuck . I deposited thousands just to take off the chain to send to polygon wallet
ForUsAll401k Forbes A collection of 💩🪙 just buy bitcoin folks and self custody it.
ForUsAll401k Forbes iExec is also secure and private, ensuring that user data is protected at all times. The platform uses advanced encryption algorithms to keep data secure, and all transactions are transparent and auditable. $RLC
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