Crypto trading platform Amber Group's worth <a href="https://www.bloomberg.com/news/articles/2022-11-04/crypto-firm-amber-group-seeks-100-million-funds-at-flat-valuation#xj4y7vzkg" target="_blank" rel="nofollow noopener">reduced</a> because of the unpredictable market dynamics as the business seeks new capital. Amber Group is a global leader in digital assets that operates around the clock.
<h2>Amber Group Seeks $100 Million Valuation</h2>
According to the first story by Bloomberg, which used unnamed sources, <a href="https://www.cryptoknowmics.com/news/crypto-trading-firm-amber-group-cuts-10-of-its-head-count">Amber Group</a> is now looking for $100 million at the same $3 billion value that it earlier raised. In February, the business secured $200 million from investors, including <a href="https://www.cryptoknowmics.com/news/pantera-capital-looks-for-1-25b-to-launch-second-blockchain-fund">Pantera Capital</a>, Sequoia China, True Arrow Partners, Tiger Global Management, and <a href="https://www.cryptoknowmics.com/news/coinbase-files-petition-in-defense-of-ripple-in-sec-case">Coinbase Ventures</a>, for a $3 billion valuation. <a href="https://www.cryptoknowmics.com/news/animoca-brands-announces-110-million-funding-deal-with-temasek">Temasek</a>, a Singaporean wealth trust, served as the lead investor.

Amber made an effort to raise money again at a considerably greater capitalization of $5 billion to $8 billion. However, because of a general decline in the <a href="https://www.cryptoknowmics.com/news/cryptocurrency-fund-of-funds-protocol-ventures-is-closing">cryptocurrency</a> market, those monies were never received.
<h2>Bear Market Effects</h2>
The changes for Amber go further than fund-raising activities. Recently, Amber made up to 10% of its workforce <a href="https://www.cryptoknowmics.com/news/crypto-trading-firm-amber-group-cuts-10-of-its-head-count/">redundant</a>, blaming the bear market. Despite a 25% increase in sales, the company's head of business development, Annabelle Huang, recently claimed that the business would remain cautious while unfavorable circumstances prevail.

Amber Group Drops Valuation and Asks Extra $100 Million

The valuation of the crypto trading platform Amber Group has reduced because of the unpredictable market dynamics as the business seeks new capital.

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Amber Group Drops Valuation and Asks Extra $100 Million

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