Thank you from Abra

Thank you from Abra

In this brief video, Abra founder and CEO Bill Barhydt talks about the company’s recent progress and shares some upcoming news.

In the past few months, Abra has launched native support of bitcoin cash, added new coins as synthetic currencies, and opened up new ways of depositing money to Abra wallets from more parts of the world.

We have also created an extremely popular referral program, where Abra users and their friends each get $25 in bitcoin once a new wallet is created and funded.

But Abra’s biggest recent news was the October launch of the Bitwise Crypto Index, or the BIT10. Now, investing in the top 10 cryptocurrencies by market cap is super easy and readily accessible. The best part is that the BIT10 is rebalanced monthly.

The market is down, creating more opportunities

Despite the recent market downturn, Abra is busy building more functionality and looking toward the future.

After all, we believe that cryptoassets are a powerful technology that will enable future financial innovation. So, in that spirit, the company is hard at work creating new ways to get crypto into the hands of more people across the planet.

Stay tuned. There will be a lot of interesting news coming out of Abra over the next few months.

Thank you

The video ends with a few words of gratitude for Abra users.

“I wanted to thank everyone for your support,” Barhydt said. “We’ve become one of the most popular apps, wallets, and investment tools in the entire cryptocurrency industry and it’s because of you.”

“We are incredibly grateful and promise to keep working hard to make Abra the best crypto app out there.”

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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