Crypto financing start-up Amber Group raises $100M at $1B valuation
More traditional venture capital companies are getting on the crypto bandwagon as financiers progressively consider bitcoin an investable asset, regardless of the current huge price drops of a few major cryptocurrencies. Amber Group, a Hong Kong-based cryptocurrency trading startup, stated on Monday it has raised $100 million in a Series B funding round at a pre-money […] “From a company branding point of view, we are trying to draw in global talents, and numerous of those are potentially brand-new to crypto. Pivoted in 2017 to crypto when the team saw spikes in virtual currency’s trading volumes. The startup now accounts for 2-3% of overall trading volumes in significant spot and derivative markets, the creator stated. Critics have actually long been cautious of the crypto market’s environmental expenses. …
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