Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding

cnbc2021-06-21

Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry. The fresh funding round values the Hong Kong-based start-up at $1 ...

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Jasmineljm
2021-06-21
Jasmineljm
Make sure you’re doing your due diligence
Pixieyi
2021-06-21
Pixieyi
Commented
KLKK
2021-06-21
KLKK
Come back
Kikiooi
2021-06-21
Kikiooi
Great read
Aaronykc
2021-06-21
Aaronykc
Coin ↗️🚀🌝
- Lilianpc:
  [Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool]
- Aaronykc:
  [Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin]
- Lilianpc:
  [Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised]
- Aaronykc回复Lilianpc:
  [Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised]
- Lilianpc:
  [Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised]
Redbull97
2021-06-21
Redbull97
To the moon!
- Kikiooi:
  Yes
- Pixieyi:
  😊

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase-backed crypto trading firm hits $1 billion valuation after fresh funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1121306615","content_text":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 billion.\nInvestment bank China Renaissance led the round with participation from other high-profile investors including New York-based Tiger Global Management. Existing investors, which includes Coinbase's venture arm, were involved.\nThe latest funding round continues a flurry of funding activity in the cryptocurrency industry.\nIn the second quarter of 2021, venture capital investment into cryptocurrency and blockchain start-ups totaled $14 billion, according to data from PitchBook provided to CNBC. That compares to just $600 million in the same period last year.\nInterest in cryptocurrencies, particularly in bitcoin, rose this year asinstitutional investorsand large corporations jumped in. Payments processorSquareand electric vehicle makerTeslaare among the companies that havepurchased bitcoin.\nBut after touching a record high of $64,829.14 in April, bitcoin has plunged by nearly half.\nBusiness model\nAmber Group has typically sold products to institutional investors and wealthy individuals including algorithmic trading and lending products.\nRather than being a cryptocurrency exchange that allows users to trade individual digital coins, Amber Group CEO Michael Wu said the company is bringing a \"private banking experience to every day customer.\"\nWu says the company offers investors a number of different cryptocurrency products to invest in.\nAmber Group said it is on track to book revenue of $500 million by the end of this year and has been profitable \"since inception.\"\nAccording to Wu, between 70% and 80% of the company's revenue comes from so-called net interest margin — a measure of lending profitability. Amber Group takes on customers' deposits and offers them an interest rate. They then lend out the money from a pool of deposits to other entities at higher interest rates and make money from that spread.\nAbout 15% of revenue comes from trading fees.\nWhile the majority of the company's customers are institutional investors, Wu said Amber Group is making a push to gain individual investor customers.\n\"We don't advocate heavy speculation or high use of leverage, rather we want our customers to be more long term, focus on risk management and get stable and attractive yield,\" Wu said.\nStrategic acquisitions\nThe CEO said the fresh capital raised will be used to \"hire even more aggressively\" and to make strategic acquisitions in areas such as cybersecurity.\nBut Wu said the company is also looking to acquire others that have regulatory licenses in certain jurisdictions, which could allow Amber Group to enter a new market.\nRegulation around cryptocurrency investing differs around the world and is quite fragmented.\n\"I think regulation is always a challenge for this industry because it's a very global industry,\" Wu said. \"It's always about staying ahead, or at least staying aware of the different regulation. 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charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase-backed crypto trading firm hits $1 billion valuation after fresh funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1121306615","content_text":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 billion.\nInvestment bank China Renaissance led the round with participation from other high-profile investors including New York-based Tiger Global Management. Existing investors, which includes Coinbase's venture arm, were involved.\nThe latest funding round continues a flurry of funding activity in the cryptocurrency industry.\nIn the second quarter of 2021, venture capital investment into cryptocurrency and blockchain start-ups totaled $14 billion, according to data from PitchBook provided to CNBC. That compares to just $600 million in the same period last year.\nInterest in cryptocurrencies, particularly in bitcoin, rose this year asinstitutional investorsand large corporations jumped in. Payments processorSquareand electric vehicle makerTeslaare among the companies that havepurchased bitcoin.\nBut after touching a record high of $64,829.14 in April, bitcoin has plunged by nearly half.\nBusiness model\nAmber Group has typically sold products to institutional investors and wealthy individuals including algorithmic trading and lending products.\nRather than being a cryptocurrency exchange that allows users to trade individual digital coins, Amber Group CEO Michael Wu said the company is bringing a \"private banking experience to every day customer.\"\nWu says the company offers investors a number of different cryptocurrency products to invest in.\nAmber Group said it is on track to book revenue of $500 million by the end of this year and has been profitable \"since inception.\"\nAccording to Wu, between 70% and 80% of the company's revenue comes from so-called net interest margin — a measure of lending profitability. Amber Group takes on customers' deposits and offers them an interest rate. They then lend out the money from a pool of deposits to other entities at higher interest rates and make money from that spread.\nAbout 15% of revenue comes from trading fees.\nWhile the majority of the company's customers are institutional investors, Wu said Amber Group is making a push to gain individual investor customers.\n\"We don't advocate heavy speculation or high use of leverage, rather we want our customers to be more long term, focus on risk management and get stable and attractive yield,\" Wu said.\nStrategic acquisitions\nThe CEO said the fresh capital raised will be used to \"hire even more aggressively\" and to make strategic acquisitions in areas such as cybersecurity.\nBut Wu said the company is also looking to acquire others that have regulatory licenses in certain jurisdictions, which could allow Amber Group to enter a new market.\nRegulation around cryptocurrency investing differs around the world and is quite fragmented.\n\"I think regulation is always a challenge for this industry because it's a very global industry,\" Wu said. \"It's always about staying ahead, or at least staying aware of the different regulation. We always take a very conservative approach to that.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167382284,"gmtCreate":1624247300648,"gmtModify":1631891814179,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3578223122998001","authorIdStr":"3578223122998001"},"htmlText":"Come back&nbsp;","listText":"Come back&nbsp;","text":"Come back","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167382284","repostId":1121306615,"repostType":4,"repost":{"id":"1121306615","pubTimestamp":1624237956,"share":"https://www.laohu8.com/m/news/1121306615?lang=&edition=full","pubTime":"2021-06-21 09:12","market":"us","language":"en","title":"Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1121306615","media":"cnbc","summary":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to ","content":"<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase-backed crypto trading firm hits $1 billion valuation after fresh funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1121306615","content_text":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 billion.\nInvestment bank China Renaissance led the round with participation from other high-profile investors including New York-based Tiger Global Management. Existing investors, which includes Coinbase's venture arm, were involved.\nThe latest funding round continues a flurry of funding activity in the cryptocurrency industry.\nIn the second quarter of 2021, venture capital investment into cryptocurrency and blockchain start-ups totaled $14 billion, according to data from PitchBook provided to CNBC. That compares to just $600 million in the same period last year.\nInterest in cryptocurrencies, particularly in bitcoin, rose this year asinstitutional investorsand large corporations jumped in. Payments processorSquareand electric vehicle makerTeslaare among the companies that havepurchased bitcoin.\nBut after touching a record high of $64,829.14 in April, bitcoin has plunged by nearly half.\nBusiness model\nAmber Group has typically sold products to institutional investors and wealthy individuals including algorithmic trading and lending products.\nRather than being a cryptocurrency exchange that allows users to trade individual digital coins, Amber Group CEO Michael Wu said the company is bringing a \"private banking experience to every day customer.\"\nWu says the company offers investors a number of different cryptocurrency products to invest in.\nAmber Group said it is on track to book revenue of $500 million by the end of this year and has been profitable \"since inception.\"\nAccording to Wu, between 70% and 80% of the company's revenue comes from so-called net interest margin — a measure of lending profitability. Amber Group takes on customers' deposits and offers them an interest rate. They then lend out the money from a pool of deposits to other entities at higher interest rates and make money from that spread.\nAbout 15% of revenue comes from trading fees.\nWhile the majority of the company's customers are institutional investors, Wu said Amber Group is making a push to gain individual investor customers.\n\"We don't advocate heavy speculation or high use of leverage, rather we want our customers to be more long term, focus on risk management and get stable and attractive yield,\" Wu said.\nStrategic acquisitions\nThe CEO said the fresh capital raised will be used to \"hire even more aggressively\" and to make strategic acquisitions in areas such as cybersecurity.\nBut Wu said the company is also looking to acquire others that have regulatory licenses in certain jurisdictions, which could allow Amber Group to enter a new market.\nRegulation around cryptocurrency investing differs around the world and is quite fragmented.\n\"I think regulation is always a challenge for this industry because it's a very global industry,\" Wu said. \"It's always about staying ahead, or at least staying aware of the different regulation. We always take a very conservative approach to that.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167391316,"gmtCreate":1624245685235,"gmtModify":1634008949453,"author":{"id":"3574639507377836","authorId":"3574639507377836","name":"Kikiooi","avatar":"https://static.tigerbbs.com/81135f833a61d8d0899dff1c77b07e72","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3574639507377836","authorIdStr":"3574639507377836"},"htmlText":"Great read","listText":"Great read","text":"Great read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167391316","repostId":1121306615,"repostType":4,"repost":{"id":"1121306615","pubTimestamp":1624237956,"share":"https://www.laohu8.com/m/news/1121306615?lang=&edition=full","pubTime":"2021-06-21 09:12","market":"us","language":"en","title":"Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1121306615","media":"cnbc","summary":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to ","content":"<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase-backed crypto trading firm hits $1 billion valuation after fresh funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1121306615","content_text":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 billion.\nInvestment bank China Renaissance led the round with participation from other high-profile investors including New York-based Tiger Global Management. Existing investors, which includes Coinbase's venture arm, were involved.\nThe latest funding round continues a flurry of funding activity in the cryptocurrency industry.\nIn the second quarter of 2021, venture capital investment into cryptocurrency and blockchain start-ups totaled $14 billion, according to data from PitchBook provided to CNBC. That compares to just $600 million in the same period last year.\nInterest in cryptocurrencies, particularly in bitcoin, rose this year asinstitutional investorsand large corporations jumped in. Payments processorSquareand electric vehicle makerTeslaare among the companies that havepurchased bitcoin.\nBut after touching a record high of $64,829.14 in April, bitcoin has plunged by nearly half.\nBusiness model\nAmber Group has typically sold products to institutional investors and wealthy individuals including algorithmic trading and lending products.\nRather than being a cryptocurrency exchange that allows users to trade individual digital coins, Amber Group CEO Michael Wu said the company is bringing a \"private banking experience to every day customer.\"\nWu says the company offers investors a number of different cryptocurrency products to invest in.\nAmber Group said it is on track to book revenue of $500 million by the end of this year and has been profitable \"since inception.\"\nAccording to Wu, between 70% and 80% of the company's revenue comes from so-called net interest margin — a measure of lending profitability. Amber Group takes on customers' deposits and offers them an interest rate. They then lend out the money from a pool of deposits to other entities at higher interest rates and make money from that spread.\nAbout 15% of revenue comes from trading fees.\nWhile the majority of the company's customers are institutional investors, Wu said Amber Group is making a push to gain individual investor customers.\n\"We don't advocate heavy speculation or high use of leverage, rather we want our customers to be more long term, focus on risk management and get stable and attractive yield,\" Wu said.\nStrategic acquisitions\nThe CEO said the fresh capital raised will be used to \"hire even more aggressively\" and to make strategic acquisitions in areas such as cybersecurity.\nBut Wu said the company is also looking to acquire others that have regulatory licenses in certain jurisdictions, which could allow Amber Group to enter a new market.\nRegulation around cryptocurrency investing differs around the world and is quite fragmented.\n\"I think regulation is always a challenge for this industry because it's a very global industry,\" Wu said. \"It's always about staying ahead, or at least staying aware of the different regulation. We always take a very conservative approach to that.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167928796,"gmtCreate":1624243395715,"gmtModify":1634008987214,"author":{"id":"3571535693267201","authorId":"3571535693267201","name":"Aaronykc","avatar":"https://static.tigerbbs.com/a6fb0a4f08d4e7b8733e7ebc2445aad5","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3571535693267201","authorIdStr":"3571535693267201"},"htmlText":"Coin ↗️🚀🌝","listText":"Coin ↗️🚀🌝","text":"Coin ↗️🚀🌝","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/167928796","repostId":1121306615,"repostType":4,"repost":{"id":"1121306615","pubTimestamp":1624237956,"share":"https://www.laohu8.com/m/news/1121306615?lang=&edition=full","pubTime":"2021-06-21 09:12","market":"us","language":"en","title":"Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1121306615","media":"cnbc","summary":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to ","content":"<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase-backed crypto trading firm hits $1 billion valuation after fresh funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1121306615","content_text":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 billion.\nInvestment bank China Renaissance led the round with participation from other high-profile investors including New York-based Tiger Global Management. Existing investors, which includes Coinbase's venture arm, were involved.\nThe latest funding round continues a flurry of funding activity in the cryptocurrency industry.\nIn the second quarter of 2021, venture capital investment into cryptocurrency and blockchain start-ups totaled $14 billion, according to data from PitchBook provided to CNBC. That compares to just $600 million in the same period last year.\nInterest in cryptocurrencies, particularly in bitcoin, rose this year asinstitutional investorsand large corporations jumped in. Payments processorSquareand electric vehicle makerTeslaare among the companies that havepurchased bitcoin.\nBut after touching a record high of $64,829.14 in April, bitcoin has plunged by nearly half.\nBusiness model\nAmber Group has typically sold products to institutional investors and wealthy individuals including algorithmic trading and lending products.\nRather than being a cryptocurrency exchange that allows users to trade individual digital coins, Amber Group CEO Michael Wu said the company is bringing a \"private banking experience to every day customer.\"\nWu says the company offers investors a number of different cryptocurrency products to invest in.\nAmber Group said it is on track to book revenue of $500 million by the end of this year and has been profitable \"since inception.\"\nAccording to Wu, between 70% and 80% of the company's revenue comes from so-called net interest margin — a measure of lending profitability. Amber Group takes on customers' deposits and offers them an interest rate. They then lend out the money from a pool of deposits to other entities at higher interest rates and make money from that spread.\nAbout 15% of revenue comes from trading fees.\nWhile the majority of the company's customers are institutional investors, Wu said Amber Group is making a push to gain individual investor customers.\n\"We don't advocate heavy speculation or high use of leverage, rather we want our customers to be more long term, focus on risk management and get stable and attractive yield,\" Wu said.\nStrategic acquisitions\nThe CEO said the fresh capital raised will be used to \"hire even more aggressively\" and to make strategic acquisitions in areas such as cybersecurity.\nBut Wu said the company is also looking to acquire others that have regulatory licenses in certain jurisdictions, which could allow Amber Group to enter a new market.\nRegulation around cryptocurrency investing differs around the world and is quite fragmented.\n\"I think regulation is always a challenge for this industry because it's a very global industry,\" Wu said. \"It's always about staying ahead, or at least staying aware of the different regulation. We always take a very conservative approach to 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the moon!","listText":"To the moon!","text":"To the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/167928300","repostId":1121306615,"repostType":4,"repost":{"id":"1121306615","pubTimestamp":1624237956,"share":"https://www.laohu8.com/m/news/1121306615?lang=&edition=full","pubTime":"2021-06-21 09:12","market":"us","language":"en","title":"Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1121306615","media":"cnbc","summary":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to ","content":"<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase-backed crypto trading firm hits $1 billion valuation after fresh funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1121306615","content_text":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 billion.\nInvestment bank China Renaissance led the round with participation from other high-profile investors including New York-based Tiger Global Management. Existing investors, which includes Coinbase's venture arm, were involved.\nThe latest funding round continues a flurry of funding activity in the cryptocurrency industry.\nIn the second quarter of 2021, venture capital investment into cryptocurrency and blockchain start-ups totaled $14 billion, according to data from PitchBook provided to CNBC. That compares to just $600 million in the same period last year.\nInterest in cryptocurrencies, particularly in bitcoin, rose this year asinstitutional investorsand large corporations jumped in. Payments processorSquareand electric vehicle makerTeslaare among the companies that havepurchased bitcoin.\nBut after touching a record high of $64,829.14 in April, bitcoin has plunged by nearly half.\nBusiness model\nAmber Group has typically sold products to institutional investors and wealthy individuals including algorithmic trading and lending products.\nRather than being a cryptocurrency exchange that allows users to trade individual digital coins, Amber Group CEO Michael Wu said the company is bringing a \"private banking experience to every day customer.\"\nWu says the company offers investors a number of different cryptocurrency products to invest in.\nAmber Group said it is on track to book revenue of $500 million by the end of this year and has been profitable \"since inception.\"\nAccording to Wu, between 70% and 80% of the company's revenue comes from so-called net interest margin — a measure of lending profitability. Amber Group takes on customers' deposits and offers them an interest rate. They then lend out the money from a pool of deposits to other entities at higher interest rates and make money from that spread.\nAbout 15% of revenue comes from trading fees.\nWhile the majority of the company's customers are institutional investors, Wu said Amber Group is making a push to gain individual investor customers.\n\"We don't advocate heavy speculation or high use of leverage, rather we want our customers to be more long term, focus on risk management and get stable and attractive yield,\" Wu said.\nStrategic acquisitions\nThe CEO said the fresh capital raised will be used to \"hire even more aggressively\" and to make strategic acquisitions in areas such as cybersecurity.\nBut Wu said the company is also looking to acquire others that have regulatory licenses in certain jurisdictions, which could allow Amber Group to enter a new market.\nRegulation around cryptocurrency investing differs around the world and is quite fragmented.\n\"I think regulation is always a challenge for this industry because it's a very global industry,\" Wu said. \"It's always about staying ahead, or at least staying aware of the different regulation. We always take a very conservative approach to that.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4925088,"gmtCreate":1624245429528,"gmtModify":1635305145712,"authorId":3574639507377836,"author":{"id":3574639507377836,"idStr":"3574639507377836","authorId":3574639507377836,"name":"Kikiooi","avatar":"https://static.tigerbbs.com/81135f833a61d8d0899dff1c77b07e72","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167928300,"type":1,"supId":0,"prevId":0,"content":"Yes ","text":"Yes ","html":"Yes "},{"id":4926782,"gmtCreate":1624250642161,"gmtModify":1635304963362,"authorId":3574930973977331,"author":{"id":3574930973977331,"idStr":"3574930973977331","authorId":3574930973977331,"name":"Pixieyi","avatar":"https://static.tigerbbs.com/bb385fb09ee6fbeb60147f39acfc9b03","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167928300,"type":1,"supId":0,"prevId":0,"content":"😊","text":"😊","html":"😊"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":151,"commentSize":47,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1121306615"}