Crypto.com Integrates with Plaid to Enable Seamless Asset Transfers Without Implications
The post Crypto.com Integrates with Plaid to Enable Seamless Asset Transfers Without Implications appeared on BitcoinEthereumNews.com.
Investments Move automates brokerage account transfers in a digital and safe manner while also reducing the complexity of operations. In the United States, users of Crypto.com have access to the Investments Move service. Plaid’s Investments Move is designed to simplify the process of data collecting for the Automated Account Clearing and Transfer Service (ACATS). Today, Crypto.com made an announcement about a new integration with Plaid. This integration will enable users of Crypto.com to effortlessly move their assets from other platforms to Crypto.com without having to sell and suffer taxes as a result. The service is made possible by Plaid’s new product, Investments Move, which automates brokerage account transfers in a digital and safe manner while also reducing the complexity of operations. As a result, the amount of time it takes for a user to properly make a transfer may be reduced to less than a minute. Participants have the opportunity to receive a stock transfer bonus of up to three percent. Plaid’s Investments Move, which was introduced in October 2024, is designed to simplify the process of data collecting for the Automated Account Clearing and Transfer Service (ACATS). This service is responsible for the transfer of U.S. assets that are not converted into cash. By eliminating the need for human data input and reducing the number of mistakes that often result in failed transfers, using Plaid to link accounts and get information for an ACATS transfer removes the need for manual data entry. Users no longer have to download brokerage statements and input information into a form. This need has been eliminated. Investments Move is able to record the necessary information in a way that is both effective and efficient, allowing for the transfer of assets from one account to another without the need to sell securities or pay taxes. A new brokerage account…
Filed under: News - @ August 6, 2025 12:22 am