Share this article
Crypto Finance Startup Amber Raises $28M in Series A Led by Pantera, Paradigm
Amber Group has raised $28 million in a Series A funding round led by Paradigm and Pantera Capital.
Updated May 9, 2023, 3:05 a.m. Published Feb 14, 2020, 1:25 p.m.
Amber Group, a Hong Kong-based startup offering a range of cryptocurrency finance services, has raised $28 million in a Series A funding round.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Leading the investment are Paradigm and Pantera Capital, with Polychain Capital, Blockchain.com, Coinbase Ventures and Fenbushi Capital also participating. Existing investor Dragonfly Capital was also on board.
Amber said Friday the investment funds will be used to expand its operations to meet client demand and add new features to its platform.
“While the industry has come a long way, there is still plenty of work to do in order to meet the growing demands of clients in a fragmented market.” said Michael Wu, Amber Group CEO. “We’re thrilled to partner with some of the world's leading investors and crypto companies to accelerate our mission of strengthening the crypto finance ecosystem.''
The firm offers clients services including crypto-based electronic market making, automated over-the-counter trading and collateralized lending. It's clients include exchanges, mining companies and pools, wallets and hedge funds, according to its announcement.
“Our most successful investments have been when we’ve found companies doing something better than we can ourselves," said Dan Morehead, founder and CEO of Pantera Capital. "Amber dramatically improved our electronic execution across a wide spectrum of assets."
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
