Amber Group
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Amber Group, Crypto unicorn Considers Listing in U.S. Despite No Regulatory Permission

Amber Group, a Hong Kong-based crypto financial services company makes serious consideration on a direct listing in the U.S. within the next two years.

Co-founder and CEO Michael Wu explains this in the South China Morning Post during an interview.

More Notable Details On Amber Group

Additionally, Amber Group goes to unicorn status this year after its US$100 million Series B funding round in June.

The group is established in 2017. Also, It works for over 500 institutional clients and has over US$1.5 billion in assets under management.

This information comes from the company’s website.

Currently, Amber Group is offering interest rate investment products. For instance, this will allow customers to earn up to 16% annual percentage rate (APR) on their crypto assets.

However, this crypto lending products brings the regulatory body’s attention for proper scrutiny in the U.S.

Even as crypto companies including BlockFi, Celsius Network and Coinbase is ask to stop offering products that regulators say are unregistered securities.

CEO Michael Wu notes it would not offer crypto lending products without permission.

This because the company wants to hit it big in the U.S and will want to play by U.S rules while serving its customers.

The company intends to have a bigger presence in the U.S. and will play by U.S. rules to serve the country’s customers, he said.

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