Abra users get chance for bitcoin investments in stocks and ETFs

Posted 07 February, 2019

American crypto company Abra has announced the implementation of a new feature to its blockchain mobile application that will enable users to make bitcoin investments in traditional financial instruments.

Pursuant to the company, with the update of the application, it will become possible to use the bitcoin blockchain and smart contracts for investments in shares and exchange-traded funds (ETF).

According to Abra's spokesperson, the new feature is available in 155 countries. Besides, investments in stocks and ETFs will not be subject to any fees throughout 2019 for those who sign up for early access. For now, about 6,000 customers want to get early access, partially encouraged by quite attractive low-limits at $5.

Initially, the application will support 50 assets, including shares of the global giants Facebook, Apple, Amazon, Google, Netflix as well as such ETF's as the SPDR Gold Trust, Vanguard Growth and S&P 500, and indices, like Russell 2000. It already allows investing in 50 fiat currencies and above 30 cryptos.

The application Abra features a "non-custodial model that secure ensures your funds are private, secure, and always in your control", as the company website reads. Such an approach helps to boost protection of the transactions against that of the centralized databases applied by the bulk of crypto trading platforms and custody service providers.

The company noted that the blockchain capabilities enable it to peg any reliable asset to the Bitcoin price.

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07 February, 2019 14:15

← Swiss-based SIX exchange about to launch blockchain platform in late 2019

The major Swiss stock exchange SIX reportedly plans to launch a blockchain platform in the second half of the year striving to improve trading speed. The new platform will reportedly be called SIX Digital Exchange (SDX). It will initially work alongside the currently operating SIX platforms. The platform can allegedly be commissioned in mid-H2, but for now, they will focus on ensuring that its operations comply with the Swiss Financial Market Supervision Authority (FINMA) requirements.

Swiss-based SIX exchange about to launch blockchain platform in late 2019

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07 February, 2019 12:12

Ethereum buying now available for Opera Android-based wallet →

One of leading web browser Opera has announced an expansion of the services available in its Opera application for Android. Some European countries will get access to purchases of Ethereum via the in-built wallet in the application. The new opportunity is reportedly available only in Denmark, Sweden and Norway. The service will feature high crypto buying fees reaching 7%, though as it was noted the fee will initially be set at 2.5% for Sweden and 5% for Denmark and Norway.

Ethereum buying now available for Opera Android-based wallet
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