Mobile cryptocurrency app Abra has added 155 investment options, including shares in Apple and Facebook, and made its services accessible to users in 50 countries. The blockchain-based service creates synthetic financial instruments using a "crypto-collateralised contract", which pegs the value of the investment to bitcoin. Its proprietary automated hedging system tracks the asset, with customers seeing profits and losses, as if investing directly in that asset.
Mobile cryptocurrency app Abra has added 50 investment options, including shares in Apple and Facebook, and made its services accessible to users in 155 countries. The blockchain-based service creates synthetic financial instruments using a "crypto-collateralised contract", which pegs the value of the investment to bitcoin. Its proprietary automated hedging system tracks the asset, with customers seeing profits and losses, as if investing directly in that asset.