Abra announces plans for US bank supporting digital assets

Cryptocurrency trading platform Abra said it was “in the process of” establishing a United States-based state-chartered bank allowing clients to deposit digital assets.

In a Monday announcement, Abra said the bank, named Abra Bank, would be regulated to operate within the U.S. and give customers the ability to use digital assetsin seemingly the same way as fiat at traditional banks. The company also planned to launch Abra International, a digital asset-focused business based outside the United States.

Read more: Cointelegraph