Abra, a wallet and an all-in-one cryptocurrency exchange platform, has announced that it will add 5 new altcoins to its platform: NEO (NEO), Verge (XVG), Monero (XMR), NEM (XEM) and Lisk (LSK). With the latest additions, Abra now allows users of its platform to buy, sell, hold and invest in 25 cryptocurrencies and 50 fiduciary currencies.
In the press release accompanying the additional altcoins, Bill Barhydt, founder and CEO of Abra, expressed his enthusiasm regarding the value that the additional altcoins add to the company's platform.
"By adding the five new cryptocurrencies to Abra's already strong list of currencies, we continue to offer exposure to assets that traditionally have been difficult to access in a simple and secure manner. The demand from our users of 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. "
Being a direct competitor of Coinbase, Abra is actively seeking to differentiate itself clearly from cryptographic exchange. Currently, Coinbase has limited its exchange lists to only four cryptocurrencies: Bitcoin, Ethereum, Litecoin and Bitcoin Cash. While Coinbase is preparing for a battle with Gemini and Goldman Sachs-backed Circle for institutional investors, companies like Abra have the opportunity to recover a percentage of the retail markets.
Abra founded in 2014, offers cryptographic exchange to crypto and digital wallet in one place. It recently launched its redesigned application, which allows users to swap in any currency with no deposit or exchange transaction fees, at any time.
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