Amber Group Raises $200 Million at $3 Billion Valuation

Amber Group is a leading crypto finance service provider. It 24/7 offers platforms for liquidity provision, cryptocurrency trading, investments using digital assets, and asset management. Amber Group operates worldwide, providing its clients with a streamlined crypto finance experience.

The funding round was led by Temasek. Among other investors were already participated Sequoia China, Tiger Global Management, Coinbase, and Pantera Capital. With new fundings, Amber Group plans to hire more people in America and Europe, as well as to expand consumer app WhaleFin and creator-focused OpenVerse.

Amber Group, Singapore-based, was founded by Luke Li, Michael Wu, Thomas Zhu, Tiantian Kullander, Tony He, Wayne Huo in 2017. In June 2021, the company achieved unicorn status. “We want to help create a digital future where digital assets empower people with the opportunity and agency to shape a better world for all,” co-founder and CEO Michael Wu. As of now, Amber Group has proceeded with more than $1 trillion-worth crypto transactions. The company has more than 200 clients with an average trading volume of $100-200 million. Amber Group aims to maximize investment returns and optimize investment flexibility.

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