Jamie Crawley is a CoinDesk news reporter based in London.

Crypto financial services firm Amber Group is weighing a direct listing, with the U.S as the “likely destination,” according to its CEO.

  • A direct listing is “on the table” in the next two years, Michael Wu said in an interview with South China Morning Post.
  • “The U.S is a likely destination, but we’re open-minded,” he said.
  • Aspects of Amber’s plans may raise regulatory concern in the U.S. Amber allows customers to earn interest on crypto holdings by lending to other clients at a higher rate. Publicly listed crypto exchange Coinbase recently aborted plans to launch a similar service after the Securities and Exchange Commission threatened to sue it for offering what it considered to be an unregistered security product.
  • Amber Group also offers algorithmic, high-frequency and over-the-counter trading to institutional clients and has operations in Hong Kong, Taiwan, South Korea and Canada.
  • The company attained unicorn status in June following a $100 million funding round that gave it a valuation of $1 billion. Its investors include Tiger Global Management, Coinbase Ventures and Blockchain.com.


DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.

Investing in the Future of the Digital Economy
October 18-19 | Spring Studio, NYC