We are excited to announce that we will be adding Monero (XMR), NEO (NEO), NEM (XEM), Lisk (LSK), and Verge (XVG) to the Abra app. You will be able to invest in 25 cryptocurrencies and 50+ fiat currencies through the Abra app.
We will notify you when these new coins are live on the platform in the next week or so! You will be able to exchange for these new coins by funding your wallet through a linked bank account or bank wire (in the U.S. only) or directly by depositing Bitcoin (globally).
Abra’s contract-based investment platform enables us to quickly add new synthetic assets to the app once they pass our rigid analysis around liquidity, contract market making, and other objective factors. We are working on adding more digital assets, so feel free to let us know in the comments which cryptocurrencies you want to see on Abra in the future. We really value your feedback!
We now have users from 75 countries transacting on Abra, the most active of which are The United States, United Kingdom, The Philippines, Canada, Australia, and Germany. Our most popular cryptocurrencies by transaction volume are Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Litecoin (LTC), and Stellar (XLM). Stay tuned for more updates in the coming weeks!
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.
Please visit our FAQ to learn more.