$100M Funding Round Values Amber Group at $1B

Last Updated: June 22, 2021

Amber Group, a cryptocurrency financial services company, has managed to fundraise $100 million in a second funding round spearheaded by China Renaissance. This valued the company at $1 billion. Amber Group has offices in
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$100M Funding Round Values Amber Group at $1B
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Amber Group, a cryptocurrency financial services company, has managed to fundraise $100 million in a second funding round spearheaded by China Renaissance. This valued the company at $1 billion.

Amber Group has offices in Vancouver, Hong Kong, Seoul, and other locations, and says it is going to use the funds to increase its worldwide operations. The company offers high-frequency trading, as well as algorithmic trading.

Amber Group

CEO Michael Wu said, “We’ve had record months over the past quarter across both client flow and on-exchange market-making volumes. Our cumulative trading volumes have doubled from $250 billion since the beginning of the year to over $500 billion.”

Companies involved in the fundraising round include Arena Holdings and Tiger Global Management.

Written by Jason

Hi! I’m the editor at EarthWeb. I have a deep interest in technology and business. I also enjoy testing products out. Contact me to be featured!

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