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Overview
Abra provides a digital asset platform for individuals, high-net-worth individuals, family offices, and institutions. It lets users deposit, trade, earn, and borrow cryptocurrencies across 75 currencies via a mobile app, with Abra Private offering personalized wealth advisory for clients with at least $500,000. Institutional clients can access crypto exposure, financing, and a range of crypto funds to fit investment strategies. Abra earns revenue from transaction fees, loan interest, and advisory management fees, and aims to be a leading all-in-one platform that helps clients manage and grow their crypto assets.
About Abra
Industries
Fintech
Crypto & Web3
Financial Services
Company Size
51-200
Company Stage
IPO
Headquarters
Mountain View, California
Founded
2014
People at Abra
People at Abra who can refer or advise you
Simplify's Take
What believers are saying
- SPAC merger with New Providence values Abra at $750M for public listing as ABRX.
- SEC approval for Abra Capital Management expands $100T wealth management access.
- Institutional vault infrastructure keeps client assets segregated off-balance-sheet.
What critics are saying
- SEC fines Abra Capital for inadequate DeFi risk controls, suspending yield services within 12 months.
- Fidelity Digital Assets steals 30% of Abra Prime AUM with lower-fee custody in 6 months.
- State regulators ban Abra Treasury for U.S. corporates via expanded 2023 CSBS actions in 3 months.
What makes Abra unique
- Abra Prime serves institutions with OTC trading, lending, and staking via SEC-registered RIA.
- Abra Private delivers bespoke SMA solutions for family offices and HNWIs with on-chain custody.
- Abra Treasury enables corporates to hold crypto reserves using MPC wallet technology.
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Funding
Total Funding
$406.1M
Above
Industry Average
Funded Over
8 Rounds
First Round CapitalGrowth & Insights and Company News
6 month growth
↓ -2%1 year growth
↓ -2%2 year growth
↓ -2%Abra, a global platform for digital asset prime services and wealth management, has announced the launch of a new expanded global platform service, which is designed for the corporate, institutional and family office marketplace.
Abra, the digital asset prime services and wealth management platform, has launched Abra Treasury, a service for corporates that want to hold crypto on their balance sheet as a reserve asset, the company said in a press release on Monday.
The 2014 collapse of Mt. Gox served as one of the first, big crypto scandals. Over 100,000 creditors of the digital asset exchange lost over $9.4 billion worth of bitcoin — and now, nearly 10 years later, the exchange announced that it is (finally) set to start repaying its creditors in bitcoin (BTC) and bitcoin cash (BCH) as soon as July. The real story is what went down during the intervening decade. After all, a lot has happened — while, at the same time, much has remained the same in the Web3 space
Cryptocurrency firm Abra and its CEO and largest equity owner Bill Barhydt have reached a settlement with 25 state regulators. The settlement follows the states’ finding that Abra and Barhydt operated a mobile app for buying, selling, trading and investing in crypto without receiving the required state licenses, the Conference of State Bank Supervisors (CSBS) said in a Wednesday (June 26) press release. In the settlement, Abra agreed to stop accepting virtual asset allocations from U.S. Abra Trade Account customers into their products and services; agreed to stop making, buying, selling or trading cryptocurrencies available to U.S. Abra Trade customers as of June 15, 2023; and agreed to refund any remaining virtual assets on its platform for U.S. Abra Trade customers in the settling states, according to the release
Abra launches prime solutions for digital assets.
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About Abra
Industries
Fintech
Crypto & Web3
Financial Services
Company Size
51-200
Company Stage
IPO
Headquarters
Mountain View, California
Founded
2014
There are no jobs for Abra right now.
Find jobs on Simplify and start your career today