Abra: A Comprehensive Review and Analysis

The digital asset prime services and private wealth management platform, Abra, has made significant changes by discontinuing its retail trading services for U.S. and U.K. users. Instead, Abra now focuses on catering to institutional clients, offering asset management, lending services, and more through Abra Prime.

Business Insider’s personal finance team conducted a comparison of Abra with other top cryptocurrency exchanges and found that its institutional and private client services are standard for the industry. Abra has received an overall rating of 3.04 out of 5 from Insider’s rating system.

Abra Private offers personalized crypto trading solutions for private clients and family offices, including tailored options for borrowing, earning, and OTC trading. On the other hand, Abra Prime caters to institutional clients seeking cryptocurrency exposure, financial services, and custom trading solutions.

While Abra has its strengths, such as staking reward features and treasury services for businesses, it also has its drawbacks. The platform has faced regulatory issues in the past, including an F rating from the Better Business Bureau and settlements with state regulators for operating without proper licensing.

Overall, Abra is a suitable platform for institutional clients and private investors looking for crypto wealth management solutions. However, individual retail traders seeking broader market exposure may find other platforms more suitable.