• Sun, 16 Jun 2019, 11:08 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. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $9,072.60 (+2.79%)
  • Ethereum (ETH) $271.23 (+0.81%)
  • XRP (XRP) $0.431000 (+5.08%)
  • Litecoin (LTC) $137.02 (-0.41%)
  • Bitcoin Cash (BCH) $429.12 (+1.96%)
  • Bitcoin (BTC) $9,072.60 (+2.79%)
Jun 14, 2019 (Friday)
Crypto Technicals: Bitcoin hovers around 20-DMA, poised for upside resumption
National Fisheries Institute to begin seafood blockchain pilot with IBM Food Trust
Reuters, Bloomberg, TradingView add support for new cryptocurrency index ‘CIX100’
Crypto Technicals: Litecoin retraces brief dip below $129, finds strong support at 110H EMA
Facebook's cryptocurrency project gets big backers including Mastercard, Paypal, Uber, Visa: Report
Circle to end support for its payment app, to shift to blockchain-based financial projects
Bitcoin startup Bitrefill closes $2M seed round led by Coin Ninja
U.S. FDA picks IBM, KPMG, Merck and Walmart to develop blockchain platform for prescription drugs
Turkey's BKM launches blockchain-based digital certificate platform co-developed with Microsoft and VeriPark
Bakkt to begin bitcoin futures testing on July 22
R3, Bradesco, Itau team up to develop blockchain-enabled platform for foreign trade and insurance: Report
Brazil considers promoting blockchain in public administration in new proposed bill
FINRA fines, suspends ex-Merill Lynch advisor for crypto mining business
Less than 5% of GitHub crypto contributors are women: Study
Jun 13, 2019 (Thursday)
John McAfee launches new cryptocurrency trading platform
Indian government-backed learning initiative SWAYAM offers free course on cryptocurrencies and blockchain
Crypto Technicals: ETH/USD consolidates break above 20-DMA, scope for further upside
Square Crypto announces former Google director Steve Lee as first hire
FATF to release new policies for global digital asset industry affecting crypto exchanges, custodians, hedge funds: Report
Crypto Technicals: Bitcoin Cash edges above 21-EMA, signs of bullish resumption
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.