If you wish to be a new customer of Abra Boost outside the U.S., then the following applies to you:
Starting October 3, 2022, all individual and institutional investors outside the U.S. who wish to be new customers of Abra Boost will continue to onboard as usual in accordance with Abra’s standard terms of service.
Subsequently, when Abra International launches, all existing customers of Abra outside the U.S. will be seamlessly transitioned to Abra International and will continue to use Abra Trade, Abra Boost, and Abra Borrow as usual.
If you are an existing customer of Abra Earn outside the U.S., then the following applies to you:
Starting October 3, 2022, all existing customers of Abra Earn, including individual and institutional investors, outside the U.S., will be seamlessly transitioned to Abra Boost – no action is required from you.
Subsequently, when Abra International launches, all existing customers of Abra outside the U.S. will be seamlessly transitioned to Abra International and will continue to use Abra Trade, Abra Boost, and Abra Borrow as usual.
If you wish to be a new customer of Abra Boost in the U.S., then the following applies to you:
Starting October 3, 2022, individual investors in the U.S. who wish to be customers of Abra Boost will need to be first verified by Abra as accredited investors by providing the requisite documentation when asked to do so. This requirement will be in effect until Abra Bank launches. More information about being verified as an accredited investor by Abra can be found here.
Institutional investors in the U.S. who wish to be customers of Abra Boost will continue to onboard as usual – no additional action is required from you.
Subsequently, when Abra Bank launches in early 2023, all customers of Abra in the U.S., including individual and institutional investors, will be transitioned to Abra Bank and will continue to use Abra Trade, Abra Boost, and Abra Borrow in accordance with all applicable regulations and Abra’s standard terms of service.
If you are an existing customer of Abra Earn in the U.S., then the following applies to you:
Starting October 3, 2022, existing customers of Abra Earn who are individual investors in the U.S. will continue to be customers of Abra’s current licensed custodian, Prime Trust, and continue to generate interest on their existing assets as usual for an extended period of time until further notice — they will, however, not be able to add any new assets to Abra Boost unless their status as accredited investors is verified.
Customers who are individual investors in the U.S. and wish to add new assets to Boost to generate interest on them will need to be verified as accredited investors by providing the requisite documentation when asked to do so. This requirement will be in effect until Abra Bank launches. More information about being verified as an accredited investor by Abra can be found here.
Existing customers of Abra Earn who are institutional investors in the U.S. will be seamlessly transitioned to Abra Boost – no additional action is required from you.
Subsequently, when Abra Bank launches in early 2023, all customers of Abra in the U.S., including individual and institutional investors, will be transitioned to Abra Bank and will continue to use Abra Trade, Abra Boost, and Abra Borrow in accordance with all applicable regulations and Abra’s standard terms of service.
Will I be able to withdraw my assets from Abra?
Absolutely!
We place our clients’ financial objectives and security first – it guides everything we do. We prioritize maintaining liquidity for our clients above all else. Your assets remain your assets – it’s as simple as that. More information about how Abra protects your assets can be found here.
Starting October 3, 2022, all customers of Abra Earn can continue to withdraw assets from Abra Earn as usual. However, customers who wish to add new assets to Abra to earn interest on them will need to be customers of Abra Boost. More information about Abra Boost can be found here.
Customers of Abra Boost can both deposit into and withdraw assets from Abra Boost as usual.
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