Crypto Firm Amber Group Raises $100M At $1bn Valuation

by siliconrepublic.com posted 1month ago 6 views
The Hong Kong company provides crypto trading services to institutional investors and plans to expand into more global markets. Hong Kong crypto services firm Amber Group is now valued at $1bn after raising $100m from several high-profile investors. Founded by a group of former Morgan Stanley traders, Amber Group provides algorithmic trading and high-frequency trading in cryptocurrencies for institutional investors. China Renaissance, an investment bank, led the Series B round with Tiger Global Management, Coinbase Ventures and Blockchain.com participating. Last year the company launched a mobile app to broaden its remit and target retail investors as well as institutional investors.

In this article

No tags related to this article.