The company said it will open access for users outside the US, which may invest in more than 200 cryptocurrencies and a large number of fractional shares.

The online investment company that allows non-accredited users to make “fractional” investments in high-caliber shares, Abra, announced that it adds support for payments and operations with 60 new cryptocurrencies, while doubling the limits for deposits and withdrawals.

According to an announcement published today by the company, customers residing in the US may deposit, withdraw and exchange Bitcoin, Ether, Bitcoin Cash, Bitcoin SV, Cosmos and many other digital currencies. It also reports that deposits and withdrawals increase to USD $4,000 per day, USD $8,000 per week and USD $16,000 per month.

In addition to the aforementioned digital currencies, Abra also enables commercial operations with stablecoins, including Tether, TrueUSD, Paxos and DAI.

Properties for non-residents in the US

Although the aforementioned announcements expand the operating margin of Abra in the United States, the company ensures that the offer for residents in other countries will be much more attractive since it has a greater variety.

In the announcement published by the Abra team, managers report that they will soon open access for users residing outside the US, who will be able to operate with more than 200 digital currencies with total freedom, without any limitation associated with commercial pairs enabled by the company.

A spokesman for the company clarified that the platform will offer many more possibilities to customers not resident in the US precisely because of the uncertainty and regulatory restrictions present within the country, which hinder operations with a greater variety of digital currencies.

In addition to cryptocurrencies, the platform also allows the trade of fractional shares of companies such as Facebook, Amazon, Apple, Google and Netflix, handling the possibility of making bank transfers and payments with Visa and Mastercard credit cards.

What's your reaction?
Leave a Comment