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Abra is moving to a hosted model

We’ve been making changes under the hood to bring new features and cryptocurrencies to the Abra app – like faster transactions and more than 60 new cryptos.  

Over the next few weeks, Abra will be transitioning all assets available in the Abra App to a hosted environment provided by a qualified custodian.  Most crypto assets available on Abra are already hosted, but now we will also include previously non-custodial assets BTC, LTC, BCH and ETH.  

The hosted model allows us to enable new and exciting features that weren’t possible before. At first, the main change will be faster confirmation of trades.  Over time, you’ll see us launching new investing features and improving the user experience while continuing to grow the number of crypto assets available to trade.  

To complete this change, we are now starting to move any user balances held in BTC, BCH, ETH and LTC to the hosted environment. 

Please note that with this transition your existing BTC, LTC, BCH and ETH deposit addresses would be updated. We strongly recommend you to always check inside the app for the latest deposit address to use when depositing crypto. If you deposit funds to an older address, they may be lost permanently.

For more information, please reference our FAQs or feel free to reach out to our support team for assistance at support@abra.com.

Be on the lookout for the series of great upgrades coming to your Abra app in the next few weeks!

 

 

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