In 2016, Ethereum launched. It was a platform that made it easy for developers to build decentralized applications. This ushered in a boom of new crypto companies and projects.
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Introducing 18 new cryptocurrencies in the Abra app

As the crypto economy is gaining momentum, we are seeing a huge rise in consumer demand for new and interesting crypto projects. We are constantly working on creating the simplest way for our customers to invest in such crypto assets.

Today, we are really excited to announce the addition of 18 new cryptocurrencies in the Abra app.

Please update your app to the latest version to start trading in these additional cryptocurrencies. The new assets that have been added to in the Abra app are:

  • Global (including US persons): Chainlink (LINK), Compound (COMP), Algorand (ALGO), Tezos (XTZ), Steem (STEEM), CELO (CELO), Hedera Hashgraph (HBAR), WAXP (WAXP), and BitShares (BTS).

  • International only (non-US persons)*: VeChain (VET), Ontology (ONT), Crypto.com Chain (CRO), Crypto.com (MCO), TNC Coin (TNC), ICON (ICX), Zilliqa (ZIL), Loopring (LRC), and Bancor (BNT).

Here is a quick primer to how these crypto projects are contributing towards building a new crypto economy.

  • Chainlink (LINK) is a decentralized oracle network that aims to connect smart contracts with data from the real world.

  • Compound (COMP) is an ERC-20 asset that powers the community governance of Compound, a popular Defi protocol. COMP token-holders and their delegates debate, propose, and vote on changes to the protocol.

  • Algorand (ALGO)  is a scalable, secure, and decentralized digital currency and transaction platform.

  • Tezos (XTZ) is a self-amending cryptographic ledger that supports decentralized applications (DApps) and smart contracts. It achieves consensus not just about the state of a ledger, but about the state of its own protocol.

  • Steem (STEEM) is a social blockchain that grows communities and makes immediate revenue streams possible for users by rewarding them for sharing content. It’s designed to power real world applications via social apps like Steemit.

  • Celo (CELO) is an open platform that makes financial tools accessible to anyone with a mobile phone. The Celo Platform is decentralized, programmable, and customizable. It aims to enable a robust ecosystem of organizations, validators, and developers, to build an open financial system that helps their communities grow and prosper.

  • Hedera Hashgraph (HBAR) is a decentralized public network where developers can build secure, fair applications with near real-time consensus. The platform is owned and governed by a council of global members including Boeing, Deutsche Telekom, DLA Piper, FIS (WorldPay), Google, IBM, LG, Nomura, and more.

  • WAXP (WAXP) is a purpose-built blockchain and protocol token designed to make e-commerce transactions faster, easier, and safer for all participants.

  • BitShares (BTS), formerly known as ProtoShares, is a peer-to-peer distributed ledger and network that can issue collateralized market-pegged smart coins known as bitAssets.

  • VeChain (VET) is an enterprise-focused blockchain ecosystem that aims to enhance supply chain management by connecting blockchain technology with the real world through a comprehensive governance structure, a robust economic model, and advanced IoT integration.

  • Ontology (ONT) is a high-performance public blockchain and distributed collaboration platform. Ontology’s unique infrastructure supports robust cross-chain collaboration and Layer 2 scalability, offering businesses the flexibility to design a blockchain that suits their needs.

  • Crypto.com Chain (CRO) is the native token of the Crypto.com blockchain. Crypto.com is working on accelerating the world’s transition to cryptocurrency.

  • Crypto.com (MCO) is working on accelerating the world’s transition to cryptocurrency. The MCO card is a Visa-branded card that by Crypto.com and offers perks including discounts at Netflix, Airbnb, and Expedia.

  • TNC Coin (TNC) is developed for two main purposes: (a) it will be used for the token swap process as part of the Crypto M&A, and (b) it will be part of an open-source network where gaming developers can fork and create TNC-20 standard gaming tokens by building gaming programs on the TNC mainnet.

  • ICON (ICX) is a decentralized blockchain network focused on interoperability. With ICON’s “blockchain transmission protocol”, independent blockchains like Bitcoin and Ethereum can connect and transact with each other. This opens up cross-chain use cases that are impossible without an interoperability layer like ICON.

  • Zilliqa (ZIL) is centered around the idea of ‘Sharding’ and was designed to enhance the scalability of cryptocurrency networks such as Ethereum.

  • Loopring (LRC) is an open protocol for scalable non-custodial exchanges on Ethereum. The Loopring protocol smart contracts and zero-knowledge proof circuits allow the building of high-performance DEXes using a zkRollup construction.

  • Bancor (BNT) is an on-chain liquidity protocol that enables automated, decentralized exchange on Ethereum and across blockchains. Users stake BNT in automated market makers in exchange for trading fees, BNT staking rewards, and voting rights in the Bancor DAO.

* Due to the regulatory restrictions these assets are not available for US persons at the time of launch.

Join our community and find more people achieving their financial goals through crypto.

Download the Abra app on Android or iOS to begin trading or earning interest on cryptocurrency today!

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About Abra

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.

Why Abra

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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