Top U.S. Crypto Investors and Hong Kong-based Crypto Firm

29
Crypto markets in Asia

The crypto industry is evolving, and it has the opportunity to change the lives of many people. The market is flourishing in Asia. Moreover, it is home to at least 80% of global crypto trading. It is not surprising that investors are willing to invest in such companies.

Top U.S. crypto investors such as Pantera Capital, Paradigm, Coinbase, Polychain, and Dragonfly invested into Hong Kong-based crypto trading firm Amber. They invested $28 million in Amber. The value of the company is $100 million.

The history of this company dates back to 2015 when a group of five residents decided to create a company Amber AI. In 2017, they made the decision to enter the crypto market. The firm was able to make money by trading both its capital as well as crypto startups’ money.

Many new crypto companies raised tens of millions of dollars in initial coin offerings (ICOs) They asked Amber to earn a return on the digital assets they were not using for their business activities.

In 2018, Amber made $50 million in trades and was able to earn a 40% average return. This company decided to expand its business activities. As a result, Amber became a technology company.

Moreover, the Hong Kong-based company created software to support its own trading. Also, it is trying to develop a platform for large investors.

Crypto investors and Hong KongHong Kong and crypto trading firm

Last year, Amber made between $10 and $20 million in revenue, with net profit margins surpassed 50%. The company plans to double revenue in 2020. Crypto investors made the right decision when they picked Amber.

Furthermore, Hong Kong’s location makes it a perfect place for such companies. It is closer to the largest exchanges in the world, including Binance, Huobi, and derivatives exchange Bitmex.

Also, regulations in Hong Kong are more crypto-friendly than in other countries. Companies have the opportunity to develop their businesses in a more stable environment.

  • Support
  • Platform
  • Spreads
  • Trading Instument

For more news updates, visit our homepage now and see our latest news article. Want to learn more about trading? Visit our education page now and learn for FREE!

Leave a Reply

Sending