Crypto investment app Abra adds supports for Bitcoin SV

Cryptocurrency investment app Abra has announced it is to support Bitcoin SV (BSV) for the first time, giving users the chance to invest in the world’s fastest ever growing blockchain. The Mountain View-based app announced the move amid onboarding 60 new cryptocurrency options for immediate access for app users in the Unites States, with plans for a full 200 cryptocurrencies to be added for international users later in the year.

1/ BIG NEWS! Meet the new and improved Abra app featuring full support (deposit AND withdraw) for every crypto on Abra plus hundreds of new ones! 60+ new cryptos are live for the US now. 200+ new cryptos coming for int’l users in December. Read: https://t.co/FXOBjBuVz4

— Abra (@AbraGlobal) November 12, 2019

The move means users will be able to buy, sell, send and trade BSV through their Abra account. Bill Barhydt, CEO and founder of Abra, said the decision to include BSV was fueled by user demand for a greater selection of cryptocurrencies.

We have incredibly loyal users all around the world and we constantly hear about how they value the Abra app for the simple and convenient experience. By far, the most requested product feature is support for more cryptocurrencies and the flexibility to easily invest in them. And today, that’s what we are delivering for our users.

According to Abra, the app upgrade will provide users with “unprecedented access to the crypto ecosystem with unlimited flexibility,” making it easier to invest in and exchange cryptocurrencies anywhere, and at any time.

Alongside support for BSV, the app will also begin supporting stablecoins such as Tether, TrueUSD, Paxos and DAI. The additional 60 cryptocurrencies means U.S. users can access 90 cryptocurrencies instantly, with the full 200 expected to be available to international users by December.

Crucially, there are no trading pair limitations, so users are free to engage with different cryptocurrencies as they demand, rather than being restricted to any specific pairings on offer.

The launch also sees an increase to deposit and withdrawal limits, up to $4,000 per day to a maximum of $16,000 per month through the platform.

The upgrade also introduces other features, including international bank transfers and updated price charts for users of the app.

In launching support for Bitcoin SV, Abra becomes the latest service to onboard BSV support in response to user demand. It comes at a time of rapid development in the BSV ecosystem, with developers and users choosing Bitcoin SV for its convenience, low-cost and flexibility.