Wealthfront’s Crypto Integration

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Robo advisor Wealthfront is now supporting Coinbase account integration, based on a brand new submit. The direct API-level integration will enable Wealthfront customers to trace their cryptocurrencies by the corporate’s monetary planning providing. Each those that have opened an funding account with Wealthfront and people utilizing its free monetary planning service will be capable of monitor their crypto, offered they’ve entered the required Coinbase account info.

Wealthfront made the service accessible in response to person demand and developed the combination independently of its knowledge aggregator, Quovo. “Coinbase has been one in every of our purchasers’ prime requested establishments to assist,” mentioned Kate Wauck, VP of communications. “Over time you possibly can rely on Wealthfront to include much more knowledge, from shopper accounts and third-party suppliers.” In addition to its account aggregation, Wealthfront additionally has an integration with Intuit’s TurboTax.

The corporate initially confirmed it deliberate to supply checking and financial savings accounts within the first quarter of 2019, which Marketwatch reported are in beta and can be FDIC-insured, however Wauck later said that the availability would actually be a “money account.” Robinhood rolled out a “Checking & Financial savings” characteristic final week, solely to vary course and take away advertising and marketing supplies from its website, opting to name the device “Money Administration” as a substitute. Betterment is within the midst of rolling out its money administration resolution. A money account would take Wealthfront a step nearer to its purpose of being a one-stop account for routinely receiving direct deposits, paying payments and making robo-advised investments.

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