Native ETH! I don’t think I need to say more but for those that need more, read here: https://t.co/VEJ6E345xZ
— Abra (@AbraGlobal) March 13, 2019
According to the announcement, the new support replaces the previous synthetic version of ETH that was available for trading on the app. The altcoin joins Bitcoin (BTC), Bitcoin Cash (BCH) and Litecoin (LTC) as options for buying, selling and transfers.
“This opens up the potential to use Ethereum as an on-ramp to invest in the other assets listed on Abra including, 50 fiat currencies, 30 cryptocurrencies, and the BIT10 crypto index,” reads the announcement.
To promote the launch, Abra is running a $25 ETH giveaway for new users who perform a first-time cash deposit or purchase from a US-based bank.
This news comes roughly a month after Abra announced that it will soon be adding stock and ETF investing to the app. With the integration, investors would be able to use Bitcoin (BTC) to invest in stocks and ETFs from anywhere in the world with 155 different countries supported.
ETH is currently down 1.5% on the day to $132.96, giving the altcoin a $13.99 billion market cap and making it the second largest constituent in the AltDex 100 Index (ALT100).
More: Buy Ethereum on Abra
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.