TRX, ADA and BAT Listed on Abra and CEO Expresses Views on ETFs
Tron News

TRX, ADA and BAT Listed on Abra and CEO Expresses Views on ETFs

Abra, an all in one app that allows users to buy and invested in crypto added Tron(TRX), Cardano(ADA) and Basic Attention Token(BAT) to its platform for trading. The announcement was made on Abra’s twitter account.

Announcing our latest additions: @ADAcoin_ @AttentionToken $TRX https://www.abra.com/blog/meet-the-new-coins-abra-adds-cardano-ada-tron-trx-and-basic-attention-token-bat/ @Tronfoundation @justinsuntron @CardanoStiftung @BrendanEich

@Asadharari replied to this tweet,

Yesssss!!! Ada!!! Love you guys @AbraGlobal

@NickLTC also replied,

#tronarmy will be happy 😉

@producerknoidea replied,

Thank you!!! We’ve been waiting on #Tron

The company further added that users have been requesting for other coins to be listed as well. The company stated,

We’ve been getting a lot of user requests to add various coins and tokens to the Abra app, and we are working diligently to make that happen.

With the addition of these three cryptocurrencies,Abra’s platform now supports 28 cryptocurrencies and upto 50 fiat currencies. The platform allows users to exchange crypto-crypto pairs as well as crypto-fiat pairs.

Abra also made another recent announcement about its launch to European customers. The platform will allow direct transfers of Euros (EUR) or other national currencies that are allowed on Abra by the residents of the Single Euro Payments Area and other countries that come under the European Union. The company will also deposit Bitcoin into user wallets.

Abra will also be collaborating with Coinify, a cryptocurrency payment processor to additionally support European banks according to CEO Bill Barhrydt in a statement.

Bill Barhrydt also recently talked about his views on ETFs and the Securities and Exchange Commission’s views on it. According to him, the SEC would approve an ETF within a year once the SEC is comfortable with and approves the caliber of the applicants.

Bill talked about this on CNBC’s coin rush and stated that the reason that the SEC is rejecting the current Bitcoin ETFs is because of the people filing them and according to him they don’t ‘fit the mold’ of the kind of applicants SEC is used to approving for.

According to him, to be able to have a successful approval for an ETF, the entity applying for it needs to be similar to what the SEC is accustomed to.

He stated,

I used to work for Goldman Sachs, but if you look at how I’m dressed you probably wouldn’t know it. So I probably, unfortunately, couldn’t go like I am here to a meeting at the SEC to say I’m applying for the ability to issue an ETF.

However, he believes that the SEC will approve a Bitcoin ETF next year because of the high demand for it.

He further added,

It’s going to happen in the next year; I would actually make a bet on it,

After Abra was launched, Ryan Taylor, the CEO of the Dash core team expressed his views on Abra. He stated,

With the launch of 20 cryptocurrencies in its app… Abra is bringing innovation and simplicity to cryptocurrency investing… Abra is the first company to enable such a diverse range of cryptocurrencies in one wallet, and I’m excited to see Dash as one of the supported cryptocurrencies at launch.

Read Also:Tron is Finally Available For Trading on Extrates

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Pallavi Janiani

Pallavi Janiani

Content Writer
I am studying Business and psychology at the university of Minnesota. Apart from learning about how the economy and the human mind works, I spend my time dancing with my bollywood fusion team, reading, writing, traveling, usually with a cup of coffee in my hand.