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Amber Group Considers Direct Listing With the US By CoinQuora

by Mike Robinson

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Amber Group Considers Direct Listing With the US
  • Amber Group considers listing in the US.
  • The company currently manages $1.5 billion worth of crypto assets.

Amber Group is a crypto-financial services firm that plans to list in the US within two years. Amber Group is a provider of algorithmic high-frequency and over-the counter trading for institutional clients. The company is based in Canada, Hong Kong, Taiwan and South Korea.

Amber also allows clients to borrow to others at a higher interest rate to get an increase in their crypto holdings. The company currently manages $1.5 billion worth of cryptocurrency assets. Amber App was launched in Q32020 and claims to have more than 100,000 registered users.

CEO Michael Wu told the South China Morning Post that a direct listing is “definitely on the table, probably next year or the year after. Also, the US is a likely destination, but we’…

Continue reading on CoinQuora

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