Amber Partners with Clearpool to Become a Borrower on the Protocol
We’re excited to announce our partnership with Amber, who has been aligned with us since the beginning. Amber will become a borrower on Clearpool and utilize our revolutionary DeFi protocol.
Amber Group: Borrower Profile Interview
1. Company Background
Amber Group is a crypto finance firm active in pricing, trading, and hedging complex cryptocurrency products.
We trade between $3–5bn in cash, futures, swaps, options, and other derivatives on an average day. Since its inception, we have been an active liquidity provider on all major electronic exchanges and blockchain protocols and have traded over $700bn across all products and categories.
Amber is comprised of a global team of 500+ dynamic entrepreneurial technologists, quantitative researchers, traders, and engineers. We operate around the clock and the globe, with seven global offices across Asia, Europe, and North America.
2. Trading Strategy
We have a market-neutral mandate.
Our principal trading strategies mainly include the following: statistical arbitrage, DeFi, high-frequency trading, market-making, short-term CTA and dispersion strategy, and options trading.
3. Why are you looking to borrow?
Obtaining loans allows us to increase our balance sheet opportunistically when volatility rises and market dislocations appear. It will enable us to make use of our trading strategies more efficiently.
4. Why are you interested in borrowing from Clearpool’s protocol compared to other options which exist?
We are fascinated by Clearpool’s innovative approach introducing single borrower and continuous pools. We are excited to see how Clearpool will shape the landscape of lending in DeFi.
5. What size do you typically borrow and are seeking to borrow on Clearpool?
Our loans on similar platforms are roughly $50M, but it depends on current market conditions.
6. Why should users lend to Amber?
We are the market leader in pricing, trading, and hedging complex cryptocurrency products.
We are backed by world-class investors, including Paradigm, Sequoia, Tiger Global, Pantera, Polychain, Dragonfly, Coinbase Ventures, Blockchain.com, and Fenbushi.
7. Any media you would like to share with our community?
Crypto finance startup Amber Group raises $100M at $1B valuation
More mainstream venture capital firms are jumping on the crypto bandwagon as investors increasingly consider bitcoin an…
About Amber Group
Amber Group is a leading global crypto finance service provider operating around the world and around the clock with a presence in Hong Kong, Taipei, Seoul, and Vancouver. Founded in 2017, Amber Group services over 800 institutional clients and has cumulatively traded over $800 billion across 100+ electronic exchanges, with over $4 billion in assets under management. In 2021, Amber Group raised $100 million in Series B funding and became the latest FinTech unicorn valued at over $1 billion.
Amber Group is committed to serving clients around the globe by combining best-in-class technology with sophisticated quantitative research to offer a streamlined crypto finance experience. Our goal is to optimize for long-term value by delivering investment flexibility and maximizing returns. To date, Amber Group has raised a total of $128 million in funding from China Renaissance Group, Tiger Global Management, DCM Ventures, Tiger Brokers, Sky9 Capital, Arena Holdings, Tru Arrow Partners, A&T Capital, Gobi Partners, Paradigm, Pantera Capital, Coinbase Ventures, Blockchain.com, Polychain Capital, Dragonfly Capital, and Fenbushi Capital.
Clearpool is a decentralized capital markets ecosystem where institutional borrowers can access unsecured liquidity and where liquidity providers can earn attractive risk-adjusted returns.
The first decentralized dynamic marketplace for unsecured liquidity, where supply and demand always ensure each pool reaches a state of equilibrium in terms of size and interest rate.
A paradigm shift in how institutions borrow uncollateralized liquidity is upon us.