Around a month ago investment firm Abra launched its crypto trading app to the world. Since then the company has been collecting data and responses to its Bitcoin-based stock and ETF platform. Findings have been positive emphasizing a strong demand for convenient and affordable investing solutions.
Abra Allows Bitcoin For Stock Trading
The concept is simple but effective. Enable Bitcoin as a medium for stock and ETF trading for non-US customers. Since its launch in late May to over 150 countries, Abra has eased the process of stock trading and decentralized access to financial services, and on-boarded active users in 82 countries. The app allows customers to invest in stocks such as Tesla, Uber, Alibaba, and Facebook, in addition to ETFs like the gold SPDR, with Bitcoin.
In a series of tweets, the company revealed a few statistics about the first month of product usage around the world.
1/ A few weeks ago, Abra launched stock and ETF investing for users (outside the US) using #bitcoin. Here are a few things we’ve learned…