Abra - The Exchange

[RegalChicken]

This is an important note because when Abra first came out we were under the impression you could not actually place demand on XRP. 

My understanding is that when you buy XRP etc via Abra, Abra does indeed buy the XRP. however Abra has no way of letting you cash out your XRP, yet. So it's considered a synthetic contract. When you sell your XRP @ Abra, they pay you in BTC or USD.

However they are working on letting you withdraw your XRP to your own wallet. For this reason, I endorse Abra. I have some XRP there already.

 

 

[Theone01]

I think they buy the other side of the contract to hedge their risk.