Amber Group, the main crypto buying and selling and know-how agency, introduced in the present day it is going to be dedicating important sources towards increasing its geographic attain throughout the globe to assist help prospects in over 140 totally 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 every of 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 traders. With a presence in Hong Kong, Taipei, Seoul, and Vancouver, Amber Group is one in every of Asia’s foremost crypto finance service suppliers lively 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 guide GlobalX Heart, 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 very world platform and serve a diversified person pool, we want devoted efforts inside totally different geographies to ship custom-made and related services and products to our customers,” stated Annabelle Huang, associate at Amber Group. “We’re organising a brand new World X Heart initiative to focus solely on increasing our abroad person base by way of localized methods and choices. It is a high precedence for our staff 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 cell 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 satisfaction ourselves in being a very world and various group,” stated Michael Wu, Co-Founder, and CEO of Amber Group. “It is crucial for us to work with shoppers throughout the US and UK markets due to the worth they carry to the monetary market. As a way to meet consumer demand, our staff will proceed increasing world operations whereas growing market options for main crypto traders and firms.”
Specializing in crypto finance training has been key to reaching extra customers. Amber Group is collaborating with companions resembling Contentos, a blockchain-based decentralized content material ecosystem, and Platinum Academy, a monetary training platform based mostly within the UK.
Amber Group is likely one of the world’s main crypto finance service suppliers, working 24/7 with a presence in Hong Kong, Taipei, Seoul, and Vancouver. To this point, Amber Group has raised a complete of $128 million in funding from China Renaissance Group, Tiger World 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