I believe they are targeting the next crypto hype in 2020-2021. Those new people will not really care much of private keys. They will just want to buy something fast.
I thought I had read that Monero was adopted as one of the coins being held in the wallet and that is what I cared about, haveing a on/offramp.
I could care less about the pegged exchange.
ADDED:OK, I have found the pertinent info.
However, you can withdrawal and to an altcoin address: (0x (ZRX), Augur (REP), Basic Attention Token (BAT), Bitcoin Gold (BTG), Dash (DASH), Digibyte (DGB), Doge (DOGE), EOS (EOS), Classic (ETC), Golem (GNT), Lisk (LSK), Monero (XMR), NEM (XEM), Neo (NEO), OmiseGo (OMG), Qtum (QTUM), XRP (XRP), Status (SNT), Stellar (XLM), Stratis (STRAT), Tron (TRN), Vertcoin (VTC), or Zcash (ZEC)) but network fees are different as we still do not natively support our altcoins yet.
Anytime a withdrawal is done for an altcoin you will be charged a bitcoin network fee plus a Bittrex withdrawal fee. As we do not natively support our altcoins at this time, they are still synthetic within the Abra app. When a withdraw is initiated for an altcoin the underlining currency is still bitcoin, thus you will be charged the bitcoin network fee. In the background, Abra is using Bittrex to exchange BTC for the altcoin you are withdrawing. Bittrex charges a withdrawal fee. Due to this, the Bittrex fee is passed to you the user.
So yes, they were using some shady wording and by one measure you can "withdraw" (actually you convert to btc then rebuy on bittrex and then withdraw from there).
SO basically that Orange statement is a straight out lie.
