Amber Group's revenue in the first half of the year was $250 million, a year-on-year increase of 25%

2022-09-21 22:29:22

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Chain Catcher news, the cryptocurrency financial services platform Amber Group announced its financial performance for the first half of 2022, with revenue of $250 million, a year-on-year increase of 25%. All core business areas achieved growth driven by institutional and trading businesses.

With the launch of Amber Group's new product portfolio WhaleFin Club targeting high-net-worth individuals, the company's consumer business WhaleFin also saw significant revenue growth.

Previously, Chain Catcher reported on September 9 that Amber Group had begun layoffs, with some teams experiencing cuts of over 50%. Amber responded that this was a quarterly business adjustment, with a larger adjustment than usual based on bearish market expectations. (source link)

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