Crypto trading platform Amber Group exceeds evaluation of USD 3 billion with the latest increase
Crypto trading platform Amber Group exceeds evaluation of USD 3 billion with the latest increase
- The Amber Group has so far raised a total of $ 328 million
- The company manages assets of over $ 5 billion
The crypto trading platform Amber Group has raised a round of $ 200 million that the company has provided for settings and product extensions.
The round of the B+series, which the company rates with more than $ 3 billion, could also be used for acquisitions, said CEO Michael Wu in an explanation.
Capital procurement follows Series B of $ 100 million in June 2021, which increases the company's total creation of funds to $ 328 million.
The investment company Temasek led the recent round with participation of existing investors such as Coinbase Ventures, Pantera Capital, Sequoia China, Tiger Global Management and Tru Arrow Partners.
The funds are used to hire employees in Europe and America; expand its Whalefin consumer app worldwide; and to expand its creator -oriented company.
The company based in Singapore was founded in 2017 and works with over 1,000 customers in institutional and consumer markets. It offers algorithmic execution, electronic and over-the-counter market-making derivatives, structured products and consulting services.
Since its foundation, the cumulative transaction volume of the Amber Group has exceeded $ 1 trillion, and the company manages assets of over $ 5 billion.
"Digital assets have radically changed the concept of property and value in the global economy and define the way we live outside the financial ecosystem," said WU. "We want to help create a digital future in which digital assets give people the opportunity and freedom of choice to design a better world for everyone."
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The article Crypto Trading Platform AMBER Group Darkled Evaluation of $ 3 billion with the latest increase is no financial advice.