You are here
Home > All Crypto > Asia’s Latest Unicorn, Amber Group, Accelerates International Growth to Carry Crypto Choices to New Areas

Asia’s Latest Unicorn, Amber Group, Accelerates International Growth to Carry Crypto Choices to New Areas

Amber Group, the main crypto buying and selling and know-how agency, introduced at present it is going to be dedicating vital sources towards increasing its geographic attain throughout the globe to assist help prospects 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 Sequence A spherical. As one in all Asia’s fastest-growing companies, Amber Group is annualizing $500 million in revenues and has almost tripled its staff with 370 staff members throughout the globe.

Based in 2017, Amber Group companies each establishments and particular person buyers. With a presence in Hong Kong, Taipei, Seoul, and Vancouver, Amber Group is one in all 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 associate, Annabelle Huang, to steer GlobalX Middle, a strategic world enlargement staff 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 consumer pool, we want devoted efforts inside completely different geographies to ship personalized and related services and products to our customers,” stated Annabelle Huang, associate at Amber Group. “We’re establishing a brand new International X Middle initiative to focus solely on increasing our abroad consumer base by means of localized methods and choices. This can be a prime precedence for our staff this yr.”

Amber Group highlights alternatives that lie on the intersection of buying and selling and monetary know-how. Lively within the DeFi house as a liquidity supplier and dealer, the agency at present manages about $1.5 billion in AUM. In early Q3 2020, Amber Group launched their cellular app, ‘Amber App,’ to ship a sophisticated suite of instruments to help customers in attaining optimum funding returns on their investments. The launch has seen spectacular consumer progress, with the variety of registered customers growing 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 delight ourselves in being a really world and numerous group,” stated Michael Wu, Co-Founder, and CEO of Amber Group. “It will be significant for us to work with shoppers throughout the US and UK markets due to the worth they create to the monetary market. To be able to meet consumer demand, our staff will proceed increasing world operations whereas growing market options for main crypto buyers and firms.”

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

Amber Group is without doubt one of the world’s main crypto finance service suppliers, working 24/7 with a presence in Hong Kong, Taipei, Seoul, and Vancouver. Thus 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,, Polychain Capital, Dragonfly Capital, and Fenbushi Capital. For extra info, please go to:

Supply hyperlink

Leave a Reply