Asia’s newest unicorn, Amber Group, accelerates global expansion and brings crypto products to new regions

Amber GroupThe leading crypto trading and technology company announced today that it will invest a lot of resources to expand its global geographic coverage to help support customers in more than 140 different countries and regions.After reaching unicorn status with the latest model $100 million in fundraising, Amber Group raised its pre-investment valuation to US$1 billion, 10 times that of the previous round of Series A financing. As one of the fastest-growing companies in Asia, Amber Group has annual revenues of US$500 million and its team has 370 team members worldwide, which has almost tripled.

Amber Group was established in 2017 to provide services to institutional and individual investors. With offices in Hong Kong, Taipei, Seoul and Vancouver, Amber Group is one of the most important crypto financial service providers in Asia, active in major algorithmic trading, electronic market making, high-frequency trading, over-the-counter trading, lending, and derivatives , And other structured products.

Earlier this year, Amber Group appointed partner Annabelle Huang to lead GlobalX Center, A strategic global expansion team was established to expand the company’s institutional and retail product supply in Korea, Japan, Hong Kong, Singapore, Taipei, North America and other regions.

“In order to build a truly global platform and provide services to a diversified user base, we need to make dedicated efforts in different regions to provide our users with customized and related products and services,” Say Annabelle Huang, partner of Amber Group. “We are setting up a new global X center plan, focusing on expanding our overseas user base through localization strategies and products. This is our team’s top priority this year.”

Amber Group highlighted opportunities at the intersection of trading and financial technology. As a liquidity provider and trader active in the DeFi field, the company currently manages approximately $1.5 billion in assets under management. At the beginning of the third quarter of 2020, Amber Group launched their mobile application “Amber App” to provide a set of advanced tools to help users achieve the best return on investment. The user growth of this release has been impressive, with the number of registered users having increased fourfold since December 2020 to over 100,000. The Amber App now supports nine languages, including English, Simplified Chinese, Traditional Chinese, Korean, Spanish, Portuguese, Japanese, Turkish, and Russian.

“We pride ourselves on being a truly global and diverse organization,” Say Michael Wu, co-founder and CEO of Amber Group. “For us, it is important to work with customers in the U.S. and U.K. markets because they bring value to the financial market. In order to meet the needs of our customers, our team will continue to expand our global business while serving leading crypto investors and The company develops market solutions.”

Focusing on crypto financial education is the key to attracting more users. Amber Group is working with partners such as Happy, A blockchain-based decentralized content ecosystem, and Platinum Academy, A financial education platform located in the UK.

Amber Group is one of the world’s leading crypto financial service providers, operating 24/7 in Hong Kong, Taipei, Seoul and Vancouver. So far, Amber Group has obtained investment from China Renaissance Capital, Tiger Global Fund, DCM Ventures, Tiger Securities, Tianjiu Capital, Arena Holdings, Tru Arrow Partners, A&T Capital, Gobi Partners, Paradigm, Pantera Capital, Coinbase Ventures, Blockchain.com, Polychain Capital, Dragonfly Capital and Fenbushi Capital. For more information, please visit: www.ambergroup.io

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *