Sunday, 20 June 2021
Cryptocurrency trading firm Amber Group has reached unicorn status with its latest funding round of $100 million today. The Hong Kong-based firm raised money in the Series B round led by China Renaissance. Other firms contributing to the $100 million sum included some prominent names, such as Tiger Brokers, Tiger Global Management, Arena Holdings, Tru Arrow Partners, Sky9 Capital, DCM Ventures, and Gobi Partners. The company — backed by Coinbase in Series A investment round — caters to both individual and institutional cryptocurrency investors. However, its primary focus is to engage with wealthy investors with an aim to provide a “private banking experience to…
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