Abra is a financial services and technology company that operates a

cryptocurrency wallet A cryptocurrency wallet is a device, physical medium, program or a service which stores the public and/or private keys for cryptocurrency transactions. In addition to this basic function of storing the keys, a cryptocurrency wallet more often al ...

service including a trading service for buying and selling cryptocurrencies, a service for earning interest on cryptocurrencies and stablecoins, and a lending services for borrowing against cryptocurrency collateral.

History

Abra was founded in 2014 in the

Silicon Valley Silicon Valley is a region in Northern California that serves as a global center for high technology and innovation. Located in the southern part of the San Francisco Bay Area, it corresponds roughly to the geographical areas San Mateo County ...

by Bill Barhydt, a former fixed income analyst for

Goldman Sachs Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...

and former director of

Netscape Netscape Communications Corporation (originally Mosaic Communications Corporation) was an American independent computer services company with headquarters in Mountain View, California and then Dulles, Virginia. Its Netscape web browser was onc ...

. Abra operates a cryptocurrency wallet with a

built-in Built-in, builtin, or built in may refer to: Computing * Shell builtin, a command or a function executed directly in the shell itself * Builtin function, in computer software and compiler theory Other uses * Built-in behavior, of a living organis ...

crypto swap service called Abra Trade, a crypto lending service called Abra Borrow, and a crypto staking service called Abra Earn. In March 2018, Abra added support for 20 new cryptocurrencies including

Litecoin Litecoin ( Abbreviation: LTC; sign: Ł) is a decentralized peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Inspired by Bitcoin, Litecoin was among the earliest altcoins, starting in October 201 ...

, Bitcoin Cash and Stellar. In September 2021 Abra announced that it had raised an additional $55M in Series C funding bringing its total raised to date to over $85M. Investors in the financing included American Express Ventures, Blockchain Capital, Kingsway Capital and CMT Digital Ventures. Abra and Barhydt started the

YouTube YouTube is a global online video platform, online video sharing and social media, social media platform headquartered in San Bruno, California. It was launched on February 14, 2005, by Steve Chen, Chad Hurley, and Jawed Karim. It is owned by ...

series Money Talks. Interviews have included

Ethereum Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether (Abbreviation: ETH; sign: Ξ) is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capita ...

founder

Vitalik Buterin Vitaly "Vitalik" Buterin (born 1994) is a Russian-Canadian computer programmer and founder of Ethereum. Buterin became involved with cryptocurrency early in its inception, co-founding ''Bitcoin Magazine'' in 2011. In 2014, Buterin deployed Eth ...

MicroStrategy MicroStrategy Incorporated is an American company that provides business intelligence (BI), mobile software, and cloud-based services. Founded in 1989 by Michael J. Saylor, Sanju Bansal, and Thomas Spahr, the firm develops software to analyze ...

CEO and Bitcoin supporter Michael Saylor, Bitcoin Cash supporter

Roger Ver Roger Keith Ver (born 27 January 1979) is an early investor in Bitcoin, Bitcoin-related startups and an early promoter of Bitcoin. Ver has sometimes been referred to as "Bitcoin Jesus". He now primarily promotes Bitcoin Cash as Ver sees it as fu ...

, Zcash creator Zooko Wilcox, Bitwise CEO Hunter Horsley, and venture capitalists Tim and Adam Draper. In June 2018, Abra was listed in ''

The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...

'' as one of the "Top 25 Tech Companies to Watch in 2018". In 2021 Forbes named Abra one of its next Billion-Dollar Startups.

References

External links

Official website
{{Authority control American companies established in 2014 Companies based in Mountain View, California Bitcoin exchanges

History

See also

References

External links