• Sun, 17 Feb 2019, 04:09 PM
  • All times are UTC
  • Edition:
    International
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.
More
  • Bitcoin (BTC) $3,631.68 (-0.14%)
  • Ethereum (ETH) $126.25 (+2.18%)
  • XRP (XRP) $0.300800 (-0.49%)
  • Litecoin (LTC) $43.06 (-1.87%)
  • EOS (EOS) $2.81 (-1.02%)
  • Bitcoin (BTC) $3,631.68 (-0.14%)
Feb 15, 2019 (Friday)
10:50
Dutch firm ElaadNL taps IOTA technology for autonomous smart grid PoC
09:39
Rabobank pumps ‎€80M into venture fund to drive fintech and agtech investments
09:06
Enterprise Ethereum Alliance to launch token task force in 2019
07:21
BitTorrent unveils new payment card for BTT tokens
06:09
Luxembourg lawmakers pass blockchain bill into law
05:11
Canadian crypto exchange Coinsquare acquires StellarX
04:12
JP Morgan reveals key details of Quorum Blockchain-based JPM Coin
03:41
Samsung SDS develops blockchain accelerator technology to enhance transaction processing speed
Feb 14, 2019 (Thursday)
12:11
JP Morgan to trial own cryptocurrency ‘JPM Coin’ for instant client payments: Report
11:04
Intel announces new product to accelerate blockchain deployment
09:47
Huobi Wallet adds support for Japanese and Korean languages
09:11
US CFTC includes cryptocurrencies in 2019 examination priorities
07:24
Nasdaq to launch Brave New Coin Bitcoin and Ethereum indices on February 25
06:07
Italian interbank blockchain project enters pre-production phase
05:14
Enterprise Ethereum Alliance opens regional office in China
04:16
UC Berkeley launches blockchain accelerator for early stage startups
03:39
Former JPMorgan Chase executive joins blockchain startup Vakt as CEO
Feb 13, 2019 (Wednesday)
11:46
New feature to enable Coinbase Wallet users to backup private keys on Google Drive and iCloud
10:52
Hyundai Commercial partners with IBM to create blockchain-based commercial financing platform
09:45
Gibraltar Blockchain Exchange lists ICNQ token on GBX-DAX
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft