Amber Group Considers Direct Listing With the US
- Amber Group considers listing in the US.
- The company is currently managing $1.5 billion in crypto assets.
Amber Group, a crypto-financial service firm, is eyeing to list in the US within the next two years. To begin with, Amber Group offers algorithmic, high-frequency, and over-the-counter trading to institutional clients. Specifically, the company has operations in Hong Kong, Taiwan, South Korea, and Canada.
Furthermore, Amber allows customers to earn interest on crypto holdings by lending to other clients at a higher rate. Currently, the company is managing $1.5 billion in cryptocurrency assets. The company claims it has more than 100,000 registered users of its Amber App, launched in Q3 2020.
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’...
Read more: https://coinquora.com/amber-group-considers-direct-listing-with-the-us/
Text source: News – CoinQuora – Latest Cryptocurrency and Block
