amber

Amber Group, the main crypto buying and selling and know-how agency, introduced right now will probably be dedicating vital assets towards increasing its geographic attain throughout the globe to assist help clients in over 140 completely different nations and areas. After reaching unicorn standing with its newest $100 million fundraise, Amber Group boosted its pre-money valuation to $1 billion, 10x its earlier Collection A spherical. As considered one of Asia’s fastest-growing companies, Amber Group is annualizing $500 million in revenues and has practically tripled its group with 370 group members throughout the globe.

Based in 2017, Amber Group providers each establishments and particular person buyers. With a presence in Hong Kong, Taipei, Seoul, and Vancouver, Amber Group is considered one of Asia’s foremost crypto finance service suppliers energetic in principal algorithmic buying and selling, digital market-making, high-frequency buying and selling, OTC buying and selling, borrowing and lending, derivatives, and different structured merchandise.

Earlier this yr, Amber Group appointed companion, Annabelle Huang, to steer GlobalX Middle, a strategic world enlargement group established to develop the corporate’s institutional and retail product choices in areas together with South Korea, Japan, Hong Kong, Singapore, Taipei, North America, and extra.

“To construct a really world platform and serve a diversified person pool, we’d like devoted efforts inside completely different geographies to ship custom-made and related services and products to our customers,” mentioned Annabelle Huang, companion at Amber Group. “We’re establishing a brand new International X Middle initiative to focus solely on increasing our abroad person base by localized methods and choices. It is a prime precedence for our group this yr.”

Amber Group highlights alternatives that lie on the intersection of buying and selling and monetary know-how. Energetic within the DeFi house as a liquidity supplier and dealer, the agency at the moment manages about $1.5 billion in AUM. In early Q3 2020, Amber Group launched their cellular app, ‘Amber App,’ to ship a complicated suite of instruments to help customers in reaching optimum funding returns on their investments. The launch has seen spectacular person development, with the variety of registered customers rising four-fold since December 2020 to over 100,000. Amber App now helps 9 languages together with English, Simplified Chinese language, Conventional Chinese language, Korean, Spanish, Portuguese, Japanese, Turkish, and Russian.

“We pleasure ourselves in being a really world and numerous group,” mentioned Michael Wu, Co-Founder, and CEO of Amber Group. “It is vital for us to work with purchasers throughout the US and UK markets due to the worth they convey to the monetary market. With the intention to meet consumer demand, our group will proceed increasing world operations whereas creating market options for main crypto buyers and corporations.”

Specializing in crypto finance training has been key to reaching extra customers. Amber Group is collaborating with companions akin to Contentos, a blockchain-based decentralized content material ecosystem, and Platinum Academy, a monetary training platform primarily based within the UK.

Amber Group is among the world’s main crypto finance service suppliers, working 24/7 with a presence in Hong Kong, Taipei, Seoul, and Vancouver. So far, Amber Group has raised a complete of $128 million in funding from China Renaissance Group, Tiger International Administration, DCM Ventures, Tiger Brokers, Sky9 Capital, Enviornment Holdings, Tru Arrow Companions, A&T Capital, Gobi Companions, Paradigm, Pantera Capital, Coinbase Ventures, Blockchain.com, Polychain Capital, Dragonfly Capital, and Fenbushi Capital. For extra data, please go to: www.ambergroup.io