Investors from other countries can Invest in Tesla, Apple, Amazon stocks using Bitcoin [BTC] through Abra
Abra, the popular global investing app, announced a new feature – the ability to invest in Stocks and ETFs using Bitcoin. The news was announced on May 29th, 2019 via a press release.
Investors from 150 countries can now invest in global stocks from the US, Asia, Australia, and emerging markets. Moreover, investors can use Bitcoins to invest in stocks & ETFs from supported countries. Currently, Abra only supports Bitcoin but in the future other digital assets might be added.
Investors can invest a minimum of $5 in traditional stocks and ETFs. To promote their new offering Abra is not taking any trading fee for the rest of 2019. Some of the trading options which are included,
- Popular stocks like Tesla, Uber, Apple, Amazon, Google, Netflix, and Berkshire Hathaway.
- Commodities such as SPDR Gold Trust and oil.
- Indexes including Vanguard Growth, the S&P 500, Real Estate, and the Russell 2000
- International markets including Asia, Australia, Mexico, and Emerging Markets index funds.
“Investing in financial markets is a basic tool to build personal wealth. Yet outside of the United States, most of the world’s population is not invested in financial assets or markets due to issues of access an affordability. Abra is addressing this global inequality by allowing more people to have a stake in financial markets. The focus of this launch is to make financial markets of the developed world more accessible and affordable to those in emerging economies.”
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