• Thu, 18 Apr 2019, 06:45 PM
  • All times are UTC
  • Edition:
Link copied

Abra enables stock and ETF investments using bitcoin

Thu, 07 Feb 2019, 03:40 am UTC

Crypto wallet Abra has announced that it is going to offer its customers the opportunity to invest in stocks, commodities, and exchange-traded funds (ETFs) from its app.

Abra founder and CEO Bill Barhydt made the announcement via an online post dated February 06. He said that users would also be able to use bitcoin to make stock investments.

“We’re going to start with popular US stocks and ETFs and add more global assets in the coming months. Of course, all of the great features for investing in cryptocurrencies and fiat currencies remain fully integrated as well.”

Barhydt said that the idea behind this was to offer a one stop shopping solution to Abra users for all their investment needs.

“All people need to do to get started with Abra is to download the app, fund the wallet by using a bank account or by using crypto, and soon with a couple of taps, they can start buying and selling exposure to stocks, ETFs, indexes, gold, crypto, fiat currencies — and more investment instruments on the way,” he explained.

Barhydt said that it has extended the crypto collateralized contract model (C3), which it uses for crypto assets, to work with traditional assets such as stocks and commodities. C3 allows investors to gain investment exposure to any asset by simply using bitcoin as the underlying technology for the investment.

According to the blog post, users who join Abra’s pre-launch list for this investment functionality will be able to secure a special sign up offer of zero trading fees on all equity products for the rest of 2019.

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
  • Bitcoin (BTC) $5,296.07 (+0.96%)
  • Ethereum (ETH) $174.85 (+4.93%)
  • XRP (XRP) $0.336800 (+1.00%)
  • Bitcoin Cash (BCH) $307.79 (-0.27%)
  • Litecoin (LTC) $82.85 (+4.06%)
  • Bitcoin (BTC) $5,296.07 (+0.96%)
Apr 18, 2019 (Thursday)
Monex Group considers adding cryptocurrencies amid growing competition
Japan’s FSA to introduce new rules for crypto exchanges’ cold wallets: Report
Wirecard, Telegram’s TON partner to develop digital financial services and banking platform
E-Commerce giant Rakuten opens registrations for its cryptocurrency exchange
Enterprise Ethereum Alliance launches initiative to apply standards to tokenization
Crypto exchange Coinbase expands crypto-to-crypto support to 11 new countries
Crypto exchange Gemini adds full support for SegWit
Israeli shipping giant ZIM joins IBM Maersk blockchain shipping solution “TradeLens”
Ashton Kutcher’s Thorn looks to blockchain technology to eliminate child sexual abuse content from internet
Apr 17, 2019 (Wednesday)
Trading Technologies launches connectivity to bitcoin derivatives platform BitMEX
US SEC and FINRA to discuss digital assets and cybersecurity at National Compliance Outreach Program for Broker-Dealers
Blockchain smartphone maker Sirin Labs lays off 25% of staff
USDT launches on TRON Blockchain
EY launches smart contract testing service for public Ethereum blockchain, announces major upgrades
MUFG, Sozo Ventures back crypto compliance startup Chainalysis’s Series B round
eToroX launches cryptocurrency exchange , announces 8 stablecoins
Hong Kong insurer Blue Cross launches blockchain solution
South Korean telecom giant KT launches 5G-based blockchain platform 'GiGA Chain'
Apr 16, 2019 (Tuesday)
French government to invest €4.5B into blockchain technologies
Accenture and Generali launch blockchain solution for captive employee benefits
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.