Meet the new Abra

Meet the new Abra

I am really excited to announce the next milestones on our roadmap of creating a globally accessible and easy-to-use crypto investing app. 

Starting today Abra users in the United States will be able to deposit and withdraw 60 new cryptocurrencies, bringing the total to nearly 100.

And soon, Abra users outside of the US will be able to invest in more than 200 additional cryptocurrencies.  (For more details, check out our new user guide).

We are also releasing new deposit and withdrawal capabilities for a number of stablecoins. TrueUSD and Paxos are live in the app now, with Tether and DAI coming in December.

In terms of funding options, we have doubled US bank limits to $4K/day, $8K/week, or $16K/ month.

Over the last five years, through all of the market ups and downs, and against the backdrop of a constantly changing cryptocurrency landscape, one thing has been constant. Abra users — from the early days, all the way up until now — have been asking for more access to more cryptocurrencies. 

So delivering on the power of choice and the ability to create a custom crypto portfolio has been a primary focus of ours over the past several years. And that’s why I’m really happy to announce our next steps.

After traveling the world and talking to hundreds of Abra users, we have found that the freedom of choice when it comes to crypto investing is of paramount importance to people. 

And that’s really what crypto is supposed to represent. For me, and for my colleagues at Abra, investing in and using crypto isn’t about get-rich-quick schemes. It’s about creating alternatives and choices — and ultimately freedom.

So that’s what we want to offer our users — freedom to choose.

The crypto ecosystem, or what some call the crypto economy is very much alive and dynamic and full of energy. New protocols for money, apps for decentralization, and pathways to digital ownership (among other use cases) are all getting figured out — in realtime, right now.

As I’ve said many times, the most important feature of altcoins is competing technologies and the best way to improve bitcoin is to let someone else do it first.

This means, as a believer in crypto, and a champion of freedom and choice, now is a great time to have access to hundreds of cryptocurrencies. 

At Abra, we don’t want to tell anyone how they should invest in crypto. We just want to create great tools to help them do what they want to do.

This is just the beginning. We have no plans on resting until it is possible for everyone in the world to invest in and use crypto in a way that is easy, accessible, and flexible.

We continue to look forward to being on this journey with you.

With peace and love…

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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, 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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