Crypto startup Amber Group raises $530 million AUM as institutions, retail arrive
Cointelegraph
Published Jan 19, 2021 10:54AM ET
Updated Jan 19, 2021 12:40PM ET
The crypto-finance service provider tells Cointelegraph that its assets under management, or AUM, reached $530 million in 2020, representing a 275% increase from the previous year. Over 500 institutions have contributed to Amber’s suite of investment products, which includes fixed-income, yield enhancement and margin trading.
Although institutions were the main driving force behind Amber’s initial growth, especially among financial managers, family offices and other high net-worth clients, its retail-facing business has also seen significant uptake. The Amber App, which launched in September, has attracted over 35,000 sign-ups at the time of writing.
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Written By: Cointelegraph
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