iTrustCapital Launches Conditional Transactions Feature
- iTrustCapital has recorded about $5 billion in overall transaction volume on its digital outlet. This amounts to about a 60 percent growth within nine months, compared to the benchmark of $2 billion it has always recorded.
A renowned cryptocurrency investment platform, iTrustCapital, has launched a “Conditional Transactions” feature for its users. With the new feature, Users can peg price conditions higher or below-market prices.
Reportedly, it will be carried out to add or remove positions spontaneously if it hits the predetermined market price.
“We are 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.”
Closer Look at Conditional Transactions Feature by iTrustCapital
Notably, the new feature on iTrustCapital will aid investors with a distinctive option to carry out transactions spontaneously when the set price is reached.
Ever since the adoption of the feature, the organization has witnessed a monthly increment in Conditional Transaction volume. Reportedly, iTrustCapital has recorded an increase of 73 percent on purchases since the introduction of Conditional Transactions.
Notably, the firm has recorded a consistent improvement with more users exploring the asset offerings. Lately, the company recorded about $5 billion in overall transaction volume on its digital outlet.
This amounts to about a 60 percent growth within nine months, compared to the benchmark of $2 billion it has always recorded.
In the past, the crypto investment platform has secured funding from global investors. For instance, earlier this year, iTrustCapital acquired more than $1.3 billion after a series A funding round.
The firm disclosed its plans to advance products, services, scale client service, and its marketing mediums. By the foregoing, the firm changed its administrative space to a bigger one in Irvine, California.
With the tax advantages of an IRA, iTrustCapital supports its users to trade cryptocurrency and other digital assets. As a leading investment firm, the iTrustCapital app is designed to end the expensive shortcomings of the old IRA models. Established in 2018 by Todd Southwick and Blake Skadron, the firm has advanced the accessibility to numerous virtual assets via retirement accounts at a subsidized rate compared to its competitors.
Worth noting, the firm has refrained itself from endorsing or promoting a particular token or cryptocurrency project. This is in line with the company’s determination to remain neutral, and devoid of any alliance in the industry.
Rebecca is a Senior Staff Writer at BitcoinWisdom, working hard to bring you the latest breaking news in the cryptocurrency market. In the words of Elon Musk “Buy stock in several companies that make products & services that *you* believe in. Only sell if you think their products & services are trending worse. Don’t panic when the market does. This will serve you well in the long-term.”
