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Abra adds support for 60 new cryptocurrencies for U.S. customers

Wed, 13 Nov 2019, 04:37 am UTC

Global investment app Abra has announced it is adding support 60 new cryptocurrencies for U.S.-based customers.

In an online post dated November 12, the company announced the expansion of its services for U.S. customers. With the latest support for 60 news cryptos, U.S. users would be able to deposit, withdraw, buy, sell, send, or exchange a total of 96 cryptocurrencies.

Importantly, Abra offers users the ability to exchange any currency to any other currency with no trading pair limitations. Non-U.S. customers will be able to invest in more than 200 additional cryptocurrencies, starting December 2019, the blog post said.

Furthermore, it has also doubled US bank limits to $4,000 per day, $8,000 per week and $16,000 per month.

Abra is releasing new deposit and withdrawal capabilities for a number of stablecoins, including TrueUSD, Paxos, Tether and DAI.

A company spokesperson told CoinDesk that the new offerings will not include Qtum (QTUM), bitcoin gold (BTG), EOS or OmiseGo (OMG). Previously in July, Abra had announced that US users could no longer hold QTUM, BTG, EOS, OMG, SNT after August 29, 2019, due to “continued regulatory uncertainty and restrictions in the United States.”

It had also said at the time that New York state residents would not be able to use bank ACH or wire transfers, or American Express cards for deposits and withdrawals after the said date. Elsewhere in the U.S., users can fund their accounts with AmEx, Mastercard and Visa, as well as bank and wire transfers, and cryptocurrencies.

San Francisco-based Abra is backed by several prominent investors including American Express Ventures, Foxconn Technology Group, Arbor Ventures, Lerer Hippeau, RRE Ventures, Silver 8 Capital and others.

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