{"id":15772,"date":"2022-02-22T02:21:46","date_gmt":"2022-02-22T02:21:46","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/02\/22\/cryptocurrency-platform-startup-amber-group-raises-200m-on-3b-valuation\/"},"modified":"2022-02-22T02:21:46","modified_gmt":"2022-02-22T02:21:46","slug":"cryptocurrency-platform-startup-amber-group-raises-200m-on-3b-valuation","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/02\/22\/cryptocurrency-platform-startup-amber-group-raises-200m-on-3b-valuation\/","title":{"rendered":"Cryptocurrency platform startup Amber Group raises $200M on $3B valuation"},"content":{"rendered":"

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Cryptocurrency platform startup Amber Global Ltd.<\/a> has raised $200 million in new funding to increase its headcount and expand its global footprint in developed and developing markets.<\/p>\n

Temasek Holding Ltd. led the Series B+ round with Sequoia China, Pantera Capital, Tiger Global Management, Tru Arrow Partners and Coinbase Ventures also participating. The round was raised at a valuation of $3 billion.<\/p>\n

Founded in 2017, Amber Group offers services to both institutional and consumer markets. The company\u2019s services include\u00a0algorithmic execution, electronic and OTC market-making derivatives, structured products and advisory services.<\/p>\n

Amber Group\u2019s additional services include the company acting as\u00a0liquidity providers, miners and validators on over 70 exchanges, applications and networks. The company pitches itself a creating\u00a0wealth for clients of all sizes by providing digital asset trading, investing, infrastructure and financing services.<\/p>\n

The company\u2019s consumer product \u2013 WhaleFin, is a\u00a0digital asset platform for individuals. Designed to empower investors to build wealth in the digital era, WhaleFin is an all-in-one platform serving as the preferred digital asset gateway for customers at any experience level.<\/p>\n

WhaleFin users can access institutional-grade trading tools through a seamless interface on mobile applications and desktop browsers. A \u201clite\u201d version of WhaleFin enables beginners to buy, earn and swap assets simply and securely, while the \u201cpro\u201d version offers advanced trading features for experienced investors and active traders.<\/p>\n

The service also provides connectivity and application programming interface access for third-party access. The connectivity options offer\u00a0fast, flexible, and fully documented REST and WebSocket APIs, allowing front-end solutions to connect to Amber Group\u2019s liquidity, execution algorithms, fixed income and yield-enhancement products.<\/p>\n

Amber Group has seen strong growth, with cumulative transaction volume surpassing $1 trillion and assets under management growing to over $5 billion since its inception. The company has offices in 12 cities and currently employs over 750 people.<\/p>\n

\u201cFrom radically transforming the concept of ownership and value in the global economy, digital assets are redefining the way we live outside of the financial ecosystem,\u201d Amber Group\u2019s Global Chief Executive Officer Michael Wu said in a statement<\/a>. \u201cAt Amber Group, we want to do more than just enable mainstream digital asset adoption. 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.\u201d<\/p>\n

Including the new funding, Amber Group has raised $328 million to date.<\/p>\n

Photo: Amber Group<\/h5>\n
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