Amber Group May Sell its Japan Unit After Buying DeCurret
Amber Group, a crypto lending platform based in Singapore, is thinking about selling its Japan unit as part of a plan to focus more on institutional than retail customers, managing partner Annabelle Huang said in a Bloomberg Television interview Friday. Amber Group bought Japanese crypto exchange DeCurret last year for an undisclosed amount. DeCurret is […]
Amber Group raises $300M in series C funding after FTX contagion
The new funding from Fenbushi aims to help Amber address some of the “significant drawdowns” as an aftermath of the FTX default. Fenbushi Capital US, a venture capital firm specializing in blockchain technology, led a new $300 million Series C investment round for Amber, the business announced on Twitter on December 15. Due to FTX’s […]
Amber Group acquires cryptocurrency platform Sparrow exchange
Amber Group has acquired fellow Singaporean crypto bourse Sparrow, in the midst of ongoing concerns about the former’s financial health. According to a Dec. 14 release, the cryptocurrency trading business Amber Group, which had about 10% of its trading money locked on FTX at the time of the exchange’s collapse, has bought the Singaporean cryptocurrency […]
Amber Group abandons expansion plans after denying insolvency
Amber has scrapped plans to expand in Europe and the United States as a consequence of exposure to the now-defunct exchange FTX Despite the FTX contagion having “minimal interruption” to its everyday operations, cryptocurrency trading company Amber Group is delaying its expansion ambitions, according to a top official. As a result of exposure to the […]