Given the current regulatory uncertainty facing crypto and digital asset service providers in the United States, Abra has made the difficult decision to focus our retail efforts outside the USA for the time being. As a result Abra Trade, Earn and Borrow have been wound down for US users. You should withdraw your remaining crypto assets in Abra Trade immediately. Note that Abra users outside the US remain unaffected by these changes. Abra Trade You should withdraw your remaining crypto assets in Abra Trade immediately.
The entire team at Abra is here as your trusted partner for all things crypto. I want to address the current turmoil in the market and the news regarding Celsius and BlockFi. We’ve experienced incredible growth as a company and I have great conviction for the future of crypto. We all know that crypto is subject to extreme volatility. Having a partner like Abra that is financially secure, has sound risk management practices, and has personalized service for every private client is absolutely essential. That’s
The Abra team has been crazy busy of late. Thanks to all of you, our large and growing membership base, we’ve added over 1 million new users since launching Abra Perx late last year. Our institutional and lending teams have managed $ billions in loans with no losses to our investor base. We’ve recently formed our Abra Capital Management Group, which is now managing five funds. The Abra team is now almost 200 people strong and growing. Investing in a recession isn’t easy and you
Market update Alt season or just time for alts? For the first time in awhile, market moves over the past week were not dominated by bitcoin. While the price of BTC did largely trade between $55k and $59k during the week, the real market movements belonged to ETH and other crypto assets. Ethereum: ETH hit an all time high. The price of ETH reached $2.1k this past week, and has stayed over the $1950 level since. Ethereum has had a tailwind of strong news over
Now you can Buy, Trade, Boost, and Borrow in ONE Simple, Trusted App! What a week it’s been for Abra. Abra is now the most complete, easiest to use, trusted app for all your crypto needs. The launch of Abra Borrow is a huge milestone for the crypto industry. Now with Abra you can: Buy Bitcoin, Ethereum and Trade any of up to 125 crypto currencies Generate up to 10% interest on USD, Bitcoin, Ethereum, and other top crypto currencies NEW! Now Borrow USD against