Abra,the crypto exchange and lending platform,is launching the first US regulated crypto bank,the company said Monday.The move,in the eyes of industry participants,is a bullish indicator that somewhat shakes off the sector's bear market woes plus the pending trips of crypto lenders Celsius and Voyager to bankruptcy court. Abra's move positions the company in what has been a yearslong arms race within crypto to create the first US regulated interest-bearing crypto account offering consumers crypto exposures with legal safeguards.
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