Cryptocurrency trading app and wallet services provider Abra launched on Wednesday a new token in partnership with crypto indexes provider Bitwise Asset Management. The Bitwise 10 Crypto Index Token (BIT10) will provide exposure to the ten largest virtual currencies by market capitalization.
According to a company press release, BIT10 is available on the Abra app as of Wednesday. The token positions are held in multi-signature smart contracts on the Bitcoin (BTC) or Litecoin (LTC) blockchain.
“Once invested, Abra and the user are entering into a smart contract that effectively pegs the asset invested (either fiat currency or cryptocurrency) to the same amount of BIT10 tok...
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