Great news! Abra users can now add EOS (EOS) and Siacoin (SC) to all Abra wallets. https://t.co/FsUbx1Phm6
— Abra (@AbraGlobal) December 11, 2018
According to the announcement, the addition of EOS and SC brings the total coins listed on Abra to 30, which are traded across 50 fiat currencies.
“Both EOS and Siacoin are listed on Abra as synthetic currencies. Abra’s synthetic currency uses crypto-collateralized cryptoassets to securely and efficiently store and move value amongst different assets,” reads the announcement. “The underlying synthetic currency also allows Abra’s non-custodial wallet setup and provides a platform for future financial innovation.”
This news comes two months after Abra launched the Bitwise 10 Crypto Index (BIT10), which allows users to gain exposure to around 85% of the entire crypto market with a single investment vehicle. The BIT10 is a market-weighted derivative product that tracks the top coins, including Bitcoin (BTC), Ethereum (ETH), and XRP (XRP).
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.