Given the current regulatory uncertainty facing crypto and digital asset service providers in the United States, Abra has made the difficult decision to focus our retail efforts outside the USA for the time being. As a result Abra Trade, Earn and Borrow have been wound down for US users. You should withdraw your remaining crypto assets in Abra Trade immediately.
Note that Abra users outside the US remain unaffected by these changes.
Abra Trade
You should withdraw your remaining crypto assets in Abra Trade immediately.
Abra Earn and Abra Boost
Both Abra Earn and Abra Boost have been completely wound down in the US and all outstanding balances are now in Abra Trade.
Abra Borrow
Abra Borrow has been completely wound down in the US and all outstanding loans have been paid and remaining collateral returned to Abra Trade.
Have Questions?
Abra is here for you. Mail us at [email protected]. You can also get answers to frequently asked questions in our Help Center or by clicking on the “Get support” menu option via our iOS and Android apps.
For All Your Digital Asset Needs,
Team Abra
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.
Please visit our FAQ to learn more.
