Public.com has announced that it has acquired the CryptoIRA business from Alto. This move expands how investors can build long-term wealth on Public — by allowing them to hold and trade crypto in a tax-advantaged individual retirement account.

Public.com notes that many of its members already view crypto as a long-term investment. Soon, they will be able to invest within a dedicated CryptoIRA on Public.

A CryptoIRA lets investors trade crypto in an individual retirement account. As with other IRAs, contributions are tax-advantaged, allowing Public members to buy, sell, and build their crypto portfolios for retirement.

This acquisition is the next step in building a comprehensive platform for crypto investors. Public recently added crypto trading to the Public API, giving members the flexibility and speed to trade programmatically. And, once this acquisition is complete, traders will be able to programmatically trade in their CryptoIRA as well.

The addition of CryptoIRAs connects these infrastructure and product-level improvements to what matters most: helping Public members build long-term wealth.