The system executes operations based on pre-established rules.
It seeks to provide individuals with institutional-grade strategies, the company says.
Digital Wealth Partners (DWP), a registered investment advisory (RIA) firm, launched an algorithmic trading service for XRP holders with qualified retirement accounts.
The platform, powered by Arch Public, a firm specialized in digital investment solutions, is designed specifically for investors seeking growth and generate cash flow from your holdings in the cryptocurrency issued by Ripple Labs.
This strategy works through tax-advantaged retirement accounts (IRAs), which allow certain transactions to be carried out without immediate tax consequences, depending on the type of account and individual circumstances.
As CriptoNoticias has explained, algorithmic trading consists of programs that buy and sell assets automaticallyoperating 24 hours a day and reducing human errors. However, it should be noted that if the strategy is poorly designed or has technical problems, it can generate losses.
In this case, DWP’s strategy is designed to work within eligible retirement accounts, taking advantage of tax advantages depending on account type, and keeps assets in secure institutional custody at Anchorage Digital.
Although the strategy follows a disciplined and systematic approach, results may vary and participation involves investment risks.
Erin Friez, president and director of DWP, explained: “We are not making a prediction about how
To access the Digital Wealth Partners strategy with qualified retirement accounts, Interested parties must contact the firm and then complete the process which includes “know your customer” (KYC) and “anti-money laundering” (AML) requirements.