Abra Adding 60 New Cryptocurrencies in Consumer Adoption Push: Report
William Suberg's original article for cointelegraph.com reduced by 48%
California-based cryptocurrency wallet and investment service Abra is adding a total of 60 new cryptocurrencies to its platform, reports suggest. Four stablecoins to debut on Abra platformFour stablecoins including Tether, Paxos Standard, TrueUSD and Dai will reportedly be among the new tokens. Restrictions remain for United States residents, who are unable to hold Qtum, Bitcoin Gold, EOS, OmiseGo and Status on Abra's platform.
New York residents can only hold Bitcoin, Ether, Litecoin and Bitcoin Cash on Abra. Cointelegraph has reached out to both Abra and its CEO, Bill Barhydt, for more details, but has not received a response as of press time. As Cointelegraph previously reported, institutional trading platform Bakkt released its Bitcoin custody solution this week, something it considered a critical step to broader adoption.
"Bakkt just got set up, there's a futures exchange that's starting to gain some volume. But more importantly they've got a custody solution that's just coming online world-class custody which allows more and more people to feel comfortable with it," he said in an interview late last month.
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Summarised crypto news.