Abra, the cryptocurrency wallet and exchange, has announced that it has added five new altcoins to its platform giving users greater access to a range of digital currencies.
In a blog announcement from the company, Monero [XMR], NEM [XEM], NEO [NEO], Lisk [LSK], and Verge [XVG] will be added to the Abra app. The company has said that they will be live on the platform in the next week. Users will now be able to buy, sell, hold, and invest in 25 digital currencies in addition to 50 fiat currencies.
The other cryptocurrencies already available on the app include Bitcoin [BTC], Bitcoin Cash [BCH], Dash [DASH], Dogecoin [DOGE], Ethereum [ETH], Ethereum Classic [ETC], Golem [GNT], Litecoin [LTC], OmiseGO [OMG], Qtum [QTUM], Ripple [XRP], Vertcoin [VTC] Zcash [ZEC], Bitcoin Gold [BTG], Stellar Lumens [XLM], DigiByte [DGB], Augur [REP], Status [SNT], Stratis [STRAT] and 0x [ZRX].
Bill Barhydt, founder and CEO of Abra, said of the decision to add the five new altcoins that:
“By adding the five new cryptocurrencies to the already robust list of coins that Abra supports, we are continuing to offer exposure to assets that have traditionally been difficult to access in a simple and secure way. The demand from our users for additional altcoins has been incredibly high, and our goal is to continue adding more cryptocurrency options and ultimately democratize access to financial services and all asset classes.”
Founded in 2014, Abra is working at making investing in cryptocurrencies simple whether for newbie or veteran traders. Due to its stablecoin platform – which facilitates holding digital currencies and fiat currencies through a combination of bitcoin and litecoin-based smart contracts – the wallet app is able to add new digital currencies once they pass the company’s rigid analysis based on liquidity, contract market, and other factors.
With users in 75 countries, its most active community members are based in the U.K., the U.S., the Philippines, Germany, Australia, and Canada. Its most popular cryptocurrencies by transaction volume are Bitcoin, Ripple, Ethereum, Litecoin, and Stellar.
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