Crypto banking app Abra adds 18 new cryptocurrencies

Abra has added support for 18 new cryptocurrencies including Chainlink, Compound and Tezos as it looks to cash in on the hype surrounding altcoins in 2020

Cryptocurrency banking app Abra has added 18 new digital assets to its trading platform as it aims to capitalise on renewed positive sentiment across the sector.

Abra is currently available in more than 150 countries, although nine of the 18 new currencies will not be available to US customers.

Chainlink (LINK), Compound (COMP), Algorand (ALGO), Tezos (XTZ), Steem (STEEM), CELO
(CELO), Hedera Hashgraph (HBAR), WAXP (WAXP), and BitShares(BTS) will be available to
consumers globally.

While, VeChain (VET), Ontology (ONT), Crypto.com Chain (CRO), Crypto.com (MCO), TNC Coin
(TNC), ICON (ICX), Zilliqa (ZIL), Loopring (LRC), and Bancor (BNT) will be available to non-US
persons at the time of launch.

“As the crypto economy is gaining momentum, we are seeing a huge rise in consumer demand
for new and interesting crypto projects”, said Bill Barhydt, Founder, and CEO of Abra, “We are
constantly working on creating the simplest way for our customers to invest in such crypto
assets while shielding them from outright scams.”

In 2019 Coin Rivet reported on Abra’s partnership with Simplex, a deal that reduced crypto credit card fees for customers.

It also added support for customers to trade traditional stocks and ETFs using Bitcoin, which has appealed to its more than one million crypto investors.

“The most frequently requested feature by our customers is the ability to trade in additional
cryptocurrencies”, said Ivan Galli, VP of Operations at Abra. “We continually scan the market
for the top cryptocurrencies that are not yet available on Abra. To list a coin, we consider
several factors including customer interest, market cap, volume, and support by our custodian
partners”.

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