Investment App Abra Adds Support for 60 New Cryptos for US Customers

Abra is growing its U.S. offerings, providing support for 60 new digital currencies, and doubling clients’ bank deposit limits.

The cryptocurrency wallet and investment app provider revealed on November 12 that U.S. clients are now ready to deposit, withdraw, or exchange bitcoin SV, DAI, and cosmos, among numerous other digital assets. Moreover, client withdrawal and deposit sums will increase to $4,000 daily, $8,000 weekly, and $16,000 monthly.

The service expansion additionally includes deposit and withdrawal capacities for at least four stablecoins, including TrueUSD, tether, paxos, and DAI, as indicated by the company.

Abra will also release access to the new assets for clients outside the U.S. in the coming weeks. The new additions make the total number of digital currency offerings to more than 200. Unlike most exchange administrations, Abra enables clients to freely trade all in-app assets without trading pair restrictions.

The new options exclude (QTUM), bitcoin gold (BTG), EOS, or OmiseGo (OMG), according to a spokesperson. Abra revealed earlier this year that its U.S. clients would not have the option to hold those specific digital currencies from August 29, because of “regulatory uncertainty and restrictions” in the nation.

At the time, the company likewise said that people of New York state could not utilize bank ACH or wire transfers, or American Express cards for deposits and withdrawals anymore after the same date. Other U.S. clients can presently fund accounts with AmEx, Visa, and Mastercard, along with bank and wire transfers, and cryptocurrency.

Established in 2014, the San Francisco-based company has gotten investments from American Express Ventures, Foxconn Technology Group, and First Round Capital.