While 2018 was defined by crazy crypto market movements, it was also a year of tremendous growth and innovation across the entire industry.
Here at Abra, it was an amazing year of progress and prosperity!
At the beginning of the year, we launched a decentralized investing platform enabling investors to buy and hold 20 cryptocurrencies using a novel synthetic currency model.
Over the rest of the year, the number of cryptocurrencies available in an Abra wallet continued to grow, with the total number now at 30 (and more on the way in 2019).
In October, we launched the BIT10 crypto index — the first of its kind easily accessible index that tracks the top ten cryptos by market cap (or exposure to roughly 80% of the crypto market). One of the greatest things about the BIT10 is that it only requires a minimal buy-in of $5 and it is rebalanced monthly. This makes the power of index investing available to everyone, everywhere.
We also added more native crypto functionality — Abra wallets now support direct deposits and withdrawals of bitcoin, bitcoin cash, and litecoin. In addition, Abra users can now fund wallets with traditional fiat using credit and debit cards, and with bank accounts across the US and Europe.
Wrapping up and looking forward
Maybe the best part of 2018 for the Abra team has been planning what’s ahead in 2019. As Abra founder and CEO Bill Barhydt said in a recent New Year’s video message:
“We are super excited about all of the things that we have in store for the coming weeks and months. We are going to bring you some really awesome new products, new features, and even new services.”
“I can’t give you all the details yet, but I can promise you that we are working on some groundbreaking stuff and I can’t wait to show it to you.”
Happy New Year from all of us at Abra!
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