Amber

About

Amber Group is a crypto finance firm providing electronic market making, automated OTC trading, derivatives, collateralized lending, and proprietary trading and client execution for exchanges, wallets, miners and funds.

Mission

Amber Group develops financial services and trading products for professional cryptocurrency traders and investors, including over-the-counter trading, derivatives, and structured products. The firm trades coins such as Bitcoin and Ether using both client funds and its own capital. Amber manages about $1.5 billion of trading capital and has grown its team to roughly 300 employees. Founded in Hong Kong in 2018 by former Morgan Stanley traders, the company scaled rapidly in its first years. Amber’s valuation reached $1 billion after its latest raise, and the company projects revenue to surge tenfold to $500 million by the end of 2021. Its core business mixes client-facing execution and proprietary trading activity. Amber Group is a Hong Kong-based crypto finance startup that provides electronic market making, automated over-the-counter trading, and collateralized lending. Its clients include exchanges, mining companies and pools, wallets, and hedge funds. The company raised $28 million in a Series A to expand operations and add new features to its platform to meet client demand. CEO Michael Wu said the firm aims to strengthen the crypto finance ecosystem and address fragmentation in the market. An investor noted Amber dramatically improved electronic execution across a wide spectrum of assets. The new funding is intended to accelerate Amber's efforts to serve institutional and crypto-native counterparties.

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