Well, a quite interesting aspect around cryptocurrency is here. Abra, one of the bitcoin exchange and wallet service provider is enabling its global investors to purchase shares and ETF (Electronic Traded Funds) with Bitcoin.
Traditional Stocks with Cryptocurrency
Launched in the year 2015, Abra is likely a ‘game changer’ in present crypto market. As per the press release published on Feb 06, 2019, the platform calls out the early registration for worldwide investors across 155 countries. Accordingly, 50 new traditional investment assets are set to open for early investors with zero fees.
Available in 155 countries
Fractional investing w/$5 minimums
Private and secure
— Abra (@AbraGlobal) February 6, 2019
Abra is the first of its kind in the world to offer such service, enabling more cryptocurrencies and fiat currencies. Bill Barhydt, the CEO of Abra notes that;
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
Abra’s all in one platform to access stocks, fiat, crypto, and ETF contain the stock from major companies including Amazon, Apple, Facebook, Netflix, Google. On top of all commodities like SPDR Gold Trust, shares of ETFs like Vanguard Growth and the S&P 500. Besides this, Indexes like the Russell 2000 by keeping Bitcoin at the core.
The Abra platform is a lot more exciting for investors related to the large unbanked populations wherein it’s quite difficult to access the US stock market. Similarly, Caitlin Long, a Wall Street veteran says;
This is HUGE!!!!!!!!!!!!!!!! All #bitcoin-based!!!!!! Kudos to @billbarhydt & team for lassoing traditional financial assets into Bitcoin, instead of trying to pigeonhole Bitcoin into the status quo—as so many other #crypto companies are doing. Best wishes for tremendous success! https://t.co/ZXs0lhqs8Z
— Caitlin Long 🔑 (@CaitlinLong_) February 6, 2019