Abra digital currency wallet and investment app will be increasing support for US customers and the number of cryptocurrencies the platform allows, by adding 60 more digital assets. The platform also plans to double the current deposit limits for its customers. New limits will now be $16,000 monthly, $8,000 weekly and $4,000 daily. The new cryptocurrencies will include four stablecoins – Paxos Standard (PAX), Tether (USDT), Dai (DAI) and TrueUSD (TUSD).
Back in July, the platform announced that users in the United States will not have access to EOS (EOS), Status (SNT), Bitcoin Gold (BTG), Qtum (QTUM) and OmiseGo (OMG) due to certain regulatory issues. At the time, the company announced that all US customers who hold any of these assets will have them automatically converted to Bitcoin if the users didn’t withdraw or exchange the assets themselves. Further restrictions also specifically affect New York residents, allowing them to trade only five digital assets including Bitcoin (BTC), Litecoin (LTC), Ether (ETH) and Bitcoin Cash (BCH) are available.
Abra also plans that in the next few weeks, customers who are not in the U.S. will also have access to all of the new assets. This means that users all over the world will now be able to easily trade more than 200 assets without any restriction or control over trading pairs.
In September, Abra partnered with 7-Eleven all over the Philippines and installed crypto purchase kiosks.