#111 of 115 in the US ranking · Institutional
Abra Review (October 2026): Fees, US States and Licenses
Best for: Advisers and private clients
3.9/10
By Vahe Hakobyan Verified Medium confidence No affiliate links
- Taker fee— Not verified
- US states— Not verified
- New York— Not verified
- Coins— Not verified
- CustodyQualified-custodian
- App Store— Not verified
Our verdict
Abra now operates through Abra Capital Management, LP, an SEC-registered investment adviser, offering OTC and spot trading, yield strategies, crypto-backed loans and separately managed accounts to advisers, family offices, corporate treasuries and private clients. The former retail Abra Earn product was wound down from June 2023 and drew SEC charges in August 2024. No retail exchange app was found.
Pros
- SEC-registered investment adviser structure
- Assets held in segregated separately managed accounts
- Site states no account minimums
Cons
- No retail exchange app found
- SEC charged its Abra Earn product in 2024
- Yields can change and exclude advisory fees
Abra fees
- Maker / taker
- — Not verified
- Simple buy
- — Not verified
- ACH deposit
- — Not verified
- Wire deposit
- — Not verified
- Card purchase
- — Not verified
- USD withdrawal
- — Not verified
- Crypto withdrawal
- — Not verified
- Minimum deposit
- — Not verified
Is Abra available in my state?
As of Oct 5, 2026 Abra operates as an SEC-registered investment adviser offering separately managed accounts, yield, loans and OTC trading to institutions and private clients; no retail exchange app was found.
The list of states this platform serves is not verified yet.
- New York
- — Not verified
- ID check (KYC)
- — Not verified
- Withdraw crypto
- — Not verified
- Funding
- — Not verified
Is Abra regulated?
- SEC / FINRA
- US operator
- Abra Capital Management, LP
- Parent company
- — Not verified
- State licenses
- — Not verified
- New York license
- — Not verified
- SEC / FINRA
- Abra Capital Management, LP - SEC-registered investment adviser
- Founded
- — Not verified
- Headquarters
- — Not verified
How secure is Abra?
- Proof of reserves
- — Not verified
- Audits
- — Not verified
- Insurance
- Not FDIC or SIPC protected, per site
Incidents since 2019
- 2024enforcementOn Aug 26, 2024 the SEC charged Plutus Lending LLC (Abra) over its unregistered Abra Earn product; Abra settled without admitting or denying, having begun winding Earn down in June 2023.
Crypto held on a platform is not covered by FDIC or SIPC insurance.
What you can do on Abra
- Spot
- Earn
- Lending
- OTC desk
OTC and spot trading, yield strategies (advertised gross APYs, not guaranteed, before advisory fees), open-term crypto-backed loans, and Vault separately managed accounts. Site states 'No Minimums'.
- Apps
- Web
- Support
- — Not verified
Abra FAQ
Is Abra regulated in the US?
US customers are served by Abra Capital Management, LP. Registrations and licenses on record: SEC / FINRA.
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Not financial advice. Crypto prices are volatile and you can lose everything you put in. World-Crypt earns nothing from the platforms reviewed here.