Introducing Abra Boost*

Generate up to 10% interest, compounded daily and paid out every Monday. It’s yours for the making.

*In the U.S., customers must be a verified accredited investor with Abra to add funds to Abra Boost. Learn how.. Abra Boost remains open to all institutional investors with no additional requirements.

Download and dive in

Setting up your account only takes minutes.

Fund your Abra Wallet

Abra offers easy on-ramps (ACH wire, credit card, etc) to change your fiat into crypto safely, securely, and confidently.

Start generating. Start conquering.

Move your crypto into Boost and you’ll generate interest every day.

$29M+

Interest paid

Your capital. Your benefits.

HODL your crypto and generate interest.

Abra Boost Rates*

  • Polygon (MATIC)
    Polygon (MATIC) 6% APR
  • Bitcoin (BTC) 2.25% APY
  • USD Coin (USDC) 7% APY
  • Tether (USDT) 10% APY
  • TrueUSD (TUSD) 7% APY
  • Ethereum (ETH) 3.5% APY
  • Polkadot (DOT)
    Polkadot (DOT) 10% APY
  • ETH2 logo
    ETH Staking (ETH2) 4% APR
  • Cardano (ADA) 3% APY
  • Litecoin (LTC) 2% APY
  • Bitcoin Cash (BCH) 5% APY
  • Stellar Lumens (XLM) 2.5% APY
  • Crypto Perx (CPRX) 3% APY

*In the U.S., customers must be a verified accredited investor with Abra to add funds to Abra Boost. Learn how. Abra Boost remains open to all institutional investors with no additional requirements.

FAQs

As part of the process of forming Abra Bank and Abra International, Abra launched Abra Boost on October 3, 2022. Abra Boost is a new product offering that will enable all qualified investors to deposit and earn interest on their digital assets.

In the U.S., Abra Boost is available to all institutional investors and individuals who are accredited investors. This requirement will be in effect until Abra Bank launches in the U.S. More information about being verified as an accredited investor by Abra can be found here.

Outside the U.S., Abra Boost will be available to all individual and institutional investors.

What is an accredited investor?

An accredited investor is an individual or entity that meets certain legal requirements set by the Securities and Exchange Commission (SEC) that grant the individual or entity access to certain restricted investment offerings. The determination of whether an individual or entity qualifies as an accredited investor is based on a number of tests of financial sophistication, and can include either wealth or income test. The SEC’s guidance about the qualification criteria for accredited investors can be found here.

More information about being verified as an accredited investor with Abra can be found here.

Abra believes that the best way to become the default Web3 wallet and crypto bank for everyone is by embracing a global regulatory framework that provides for transparency, oversight, security, and agency.

Abra believes that the only way to achieve the above and serve our customers responsibly and sustainably is by operating as regulated entities starting with Abra Bank in the U.S. and Abra International outside the U.S. More information about Abra Bank and Abra International can be found here.

As part of the process of forming Abra Bank and Abra International, Abra launched Abra Boost on October 3, 2022. Abra Boost is a new product offering that enables all qualified investors to deposit and earn interest on their digital assets. More information about Abra Boost can be found here.

Abra will support the following two ways in which an individual can verify with Abra that they are an accredited investor:

  • They have an income of over $200,000 as an individual, or over $300,000 when combined with a spouse for each of the last 2 years (also called as the “Income Standard”).
  • They have a net worth or joint net worth with a spouse of at least $1 million, not including the value of their primary residence (also called as the “Net Worth Standard”).

Note: An individual can use either “Income StandardorNet Worth Standard” to verify that they are an accredited investor – they do not need to use both.

Income Standard

To be verified as an accredited investor with Abra based on the “Income Standard”, an individual must submit all of the following:

  • Copies of any Internal Revenue Service (IRS) forms that report income above $200,000, or $300,000 when combined with a spouse, such as:
    • Form W-2, Form 1099, Schedule K-1 of Form 1965
  • Copies of their filed Form 1040 (Income Tax Return) for the last 2 years showing income above $200,000, or $300,000 when combined with a spouse.

Note: If an individual wants Abra to consider their joint income combined with a spouse, they must submit the same documentation as listed above for both themselves and the spouse.

Net Worth Standard

To be verified as an accredited investor with Abra based on the “Net Worth Standard” an individual, either alone or jointly with a spouse, must submit the following:

  • Bank statements, brokerage statements, and other statements of securities holdings, certificates of deposit, or tax assessments that show assets of over $1,000,000, not including the value of their primary residence.

Note: Documents can’t be more than 3 months old.

To be verified as an accredited investor with Abra based on either the “Income Standard” or the “Net Worth Standard”, please have your documents ready based on the requirements listed above. Then, tap “Transfer” on top left in your Boost portfolio screen in the Abra app (see screenshots below). Follow the instructions on the screen to complete the “Affirmative Statement” and submit your documents. Once you submit the documents, Abra Customer Support will reach out to you for any additional information as needed.

As part of the process of forming Abra Bank and Abra International, Abra launched Abra Boost on October 3, 2022, a new product offering that enables all qualified investors to deposit and earn interest on their digital assets.

In the U.S., Abra Boost will be available to all institutional investors and individuals who are accredited investors; while outside the U.S., it will be available to all individual and institutional investors.

Starting October 3, 2022, all qualifying existing customers of Abra Earn, including individual and institutional investors, transitioned to Abra Boost. At the same time, Abra Earn stopped accepting new customers or assets. More information about the transition of customers from Abra Earn to Abra Boost can be found here.

All investors, including individual and institutional investors both in the U.S. and outside the U.S., who wish to add new assets to Abra to earn interest on them will need to be customers of Abra Boost.

If you wish to be a new customer of Abra Boost outside the U.S., then the following applies to you:

Starting October 3, 2022, all individual and institutional investors outside the U.S. who wish to be new customers of Abra Boost will continue to onboard as usual in accordance with Abra’s standard terms of service.

Subsequently, when Abra International launches, all existing customers of Abra outside the U.S. will be seamlessly transitioned to Abra International and will continue to use Abra Trade, Abra Boost, and Abra Borrow as usual.

If you are an existing customer of Abra Earn outside the U.S., then the following applies to you:

Starting October 3, 2022, all non-U.S. existing customers of Abra Earn, including individual and institutional investors, will be seamlessly transitioned to Abra Boost – no action is required from you.

Subsequently, when Abra International launches, all existing customers of Abra outside the U.S. will be seamlessly transitioned to Abra International and will continue to use Abra Trade, Abra Boost, and Abra Borrow as usual.

If you wish to be a new customer of Abra Boost in the U.S., then the following applies to you:

Starting October 3, 2022, individual investors in the U.S. who wish to be customers of Abra Boost need to be first verified by Abra as accredited investors by providing the requisite documentation when asked to do so. This requirement will be in effect until Abra Bank launches. More information about being verified as an accredited investor by Abra can be found here.

Institutional investors in the U.S. who wish to be customers of Abra Boost will continue to onboard as usual – no additional action is required from you.

Subsequently, when Abra Bank launches in early 2023, all customers of Abra in the U.S., including individual and institutional investors, will be transitioned to Abra Bank and will continue to use Abra Trade, Abra Boost, and Abra Borrow in accordance with all applicable regulations and Abra’s standard terms of service.

If you are an existing customer of Abra Earn in the U.S., then the following applies to you:

Starting October 3, 2022, existing customers of Abra Earn who are individual investors in the U.S. will continue to be customers of Abra’s current licensed custodian, Prime Trust, and continue to earn interest on their existing assets as usual for an extended period of time until further notice — they will, however, not be able to add any new assets to Abra Earn unless their status as accredited investors is verified.

Customers who are individual investors in the U.S. and wish to add new assets to Boost to earn interest on them will need to be verified as accredited investors by providing the requisite documentation when asked to do so. This requirement will be in effect until Abra Bank launches. More information about being verified as an accredited investor by Abra can be found here.

Existing customers of Abra Earn who are institutional investors in the U.S. will be seamlessly transitioned to Abra Boost – no additional action is required from you.

Subsequently, when Abra Bank launches in early 2023, all customers of Abra in the U.S., including individual and institutional investors, will be transitioned to Abra Bank and will continue to use Abra Trade, Abra Boost, and Abra Borrow in accordance with all applicable regulations and Abra’s standard terms of service.

Will I be able to withdraw my assets from Abra?

Absolutely!

We place our clients’ financial objectives and security first – it guides everything we do. We prioritize maintaining liquidity for our clients above all else. Your assets remain your assets – it’s as simple as that. More information about how Abra protects your assets can be found here.

Starting October 3, 2022, all customers of Abra Earn can continue to withdraw assets from Abra Earn as usual. However, customers who wish to add new assets to Abra to earn interest on them will need to be customers of Abra Boost. More information about Abra Boost can be found here.

Customers of Abra Boost after October 3, 2022, can both deposit into and withdraw assets from Abra Boost as usual.

In addition to the two ways described here using which an individual can verify with Abra that they are an accredited investor, there exists a third way, specifically for those individual investors who are existing customers of Abra who meet all of the following criteria:

  • Currently hold $1,000,000 or more in assets in Abra (including Abra Trade and Abra Earn)
  • Currently do not have open Abra Borrow balance that would bring their total net account balance with Abra to under $1,000,000.

If you meet the above criteria, Abra Customer Support will proactively reach out to you via email with a written representation (included in the same email) for you to read and confirm that you qualify as an accredited investor by simply replying back to the email. No further action will be required from you unless otherwise notified by Abra Customer Support.

Please chat with Customer Support if you think you qualify, but we haven’t reached out to you already.

Abra is in the process of forming Abra Bank, a U.S. state chartered institution, that will serve our customers in the U.S. Abra Bank, when it launches, will be the first regulated bank in the U.S. that will enable our customers in the U.S. to deposit and bank with digital assets, and access global fiat on and off ramps.

Abra is also in the process of forming Abra International, a regulated digital asset business that will serve our customers outside the U.S. Abra International, when it launches, will enable our customers outside the U.S. to deposit and bank with digital assets, and access global fiat on and off ramps.

Abra believes that the best way to become the default Web3 wallet and crypto bank for everyone is by embracing a global regulatory framework that provides for transparency, oversight, security, and agency.

Transparency means that Abra is committed to public disclosures on assets, liabilities, and risk management processes.

Oversight means that Abra will work with global regulators, including U.S. federal and state banking regulators, to rightsize our compliance and legal oversight to minimize customer disruptions while ensuring adherence to local laws and regulations wherever applicable.

Security means that Abra is committed to ensuring that the protection of customer funds and digital assets are always the top priority for Abra.

Agency means that your assets remain your assets – it’s as simple as that. We believe in the ethos of “not your keys not your crypto,” but we recognize that people and companies need help to manage their digital assets. Abra will provide the on-ramps, off-ramps, and transactional services to make crypto and Web3 work for everyone.

Abra believes that the only way to achieve the above and serve our customers responsibly and sustainably is by operating as regulated entities starting with Abra Bank in the U.S. and Abra International outside the U.S. More information about Abra Bank and Abra International can be found here.