Hong Kong’s Amber Group Picks BitGo Trust in Quest for Institutional Investors
BitGo’s status as a qualified custodian should draw more high-net-worth investors to Amber from places like Hong Kong, Taiwan and Seoul.
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Hong Kong’s plan to restrict cryptocurrency investment to professionals means retail investors could move to unlicensed venues, said Global Digital Finance.
Amber Group secured a $200 million investment which has resulted in a 3x increase in its valuation since last summer. Crypto finance service provider Amber has landed a valuation of $3 billion following a funding round led by Singaporean state-owned investment firm Temasek Holdings. Amber Group was able to raise $200 million in its Series B+ funding round as revealed in a Feb. 21 announcement. Other participants included Sequoia China, Pantera Capital, Tiger Global Management, Tru Arrow Partners, and Coinbase Ventures.We are excited to announce our Series B+, which comes at a time of....
Amber Group, a Hong Kong-based cryptocurrency trading company, has attained “unicorn” status. The company managed to raise $100 million in its Series B funding round. With the new influx, the company is now valued at one billion dollars, making it a unicorn. Amber Group’s strategy is said to make them market neutral, allowing customers to garner gains in bullish or bearish markets. Amber Group Reaches Unicorn Status Amber Group, an algorithmic trading company, reached unicorn status in its latest funding round. The company, formed by former Morgan Stanley traders almost....
Amber Group, a leading crypto finance service provider, announced today that it has paid over $65 million in interest to its clients by end of July in 2021. “The increase in demand for earning interest and passive income through crypto deposits represents how far crypto adoption has come,” said Michael Wu, CEO of Amber Group. […]
Amber Group, the leading crypto trading and technology firm, announced today it will be dedicating significant resources toward expanding its geographic reach across the globe to help support customers in over 140 different countries and regions. After reaching unicorn status with its latest $100 million fundraise, Amber Group boosted its pre-money valuation to $1 billion, 10x its previous Series A round. As one of Asia’s fastest-growing businesses, Amber Group is annualizing $500 million in revenues and has nearly tripled its team with 370 team members across the globe. Founded in....