The Abra team is always looking to add new coins and we’re thrilled to announce you can now use Abra to buy, sell and trade Polygon (MATIC), Loopring (LRC) and Ren (REN). Simply download and open your Abra app, click on Trade, and type in the coin name to start buying. If you don’t see it in your app, please update to the latest version.
What is Polygon (MATIC)?
Polygon, formerly known as MATIC Network, is built as a layer 2 protocol that allows developers to scale and build infrastructure on the Ethereum blockchain. With Ethereum’s scaling issues tied to robust security and decentralization, Polygon has emerged as an alternative for many blockchain projects that want the best experience on the Ethereum blockchain network.
What is Loopring (LRC)?
Loopring is an Ethereum Layer-2 scaling protocol. It aims to provide higher throughput and lower costs while providing strong security. Its mission is to “design and engineer the best-in-class zkRollup exchange and payment protocol on Ethereum, and to operate products that bring it to users across the world.”
What is Ren (REN)?
Ren is an open protocol that aims to provide liquidity and interoperability between different blockchain platforms. It offers a virtual machine mainnet, RenVM, which effectively brings operability to decentralized finance apps. In theory, this could make it easier to brings assets like Bitcoin to DeFi apps.
How to request new coins in Abra
The Abra app offers over 75 cryptocurrencies to buy, sell and trade … but we’re always eager to offer more. We prioritize the coins based on customer demand, so let us know what coins you’d like. An easy way to do this is:
- Open the Abra app
- In Abra Trade, tap on the “Add” button in the top right
- Type in the coin name you want
- Tap on “I can’t find what I’m looking for”
- Type in the coin you want
- Tap on “Submit request” and you’re done.
Note: Abra does not offer financial advice and this is not an endorsement for any investment. Please do your own research before investing.
Established in 2014, Abra is on a mission to create a simple and honest platform that enables millions of cryptocurrency holders to maximize the potential of their assets. Abra enables both individuals and businesses to safely and securely buy, trade, and borrow against cryptocurrencies – all in one place. Abra’s vision is an open, global financial system that is easily accessible to everyone.
Based in the United States, Abra is available in over 150 countries and makes it easy to convert between crypto and a wide variety of local fiat currencies. With over 2MM customers, $7B in transactions processed, and $1.5B in assets under management, Abra continues to grow rapidly. Abra is widely loved and trusted – in April 2022, pymnts.com reviewed and rated Abra amongst the top 5 most popular crypto wallets in the market. Abra is backed by top-tier investors such as American Express Ventures and First Round Capital.
How Abra Protects Your Funds
Abra places clients’ financial objectives and security first. Abra practices a culture of risk management across all levels and functions within the organization.
Abra employs a state-of-the-art enterprise risk management framework that comprises a comprehensive set of policies, procedures, and practices detailing all applicable risk-related objectives and constraints for the entirety of the business. Abra has instituted a complete set of requisite systems and controls that continuously enforce these policies, procedures, and practices to manage all operations, including credit and lending. Abra’s independent Risk Committee comprises experienced compliance, risk, securities, and fraud operations professionals with backgrounds in industries ranging from traditional and digital assets banking, payments, remittance, to fintech.
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