The recent correction in the crypto market is causing investors to look elsewhere for more consistent returns. Many people are now choosing to earn interest income by depositing cryptocurrencies instead of securing short-term profits.
And the Amber app offers steady returns in today’s volatile crypto market.
Amber Group, a global crypto financial platform based in Hong Kong, is benefiting from the crypto boom and is a strong proponent of long-term crypto investing. Founded in 2017, Amber Group has amassed $ 1.5 billion in assets under management over the past 4 years with institutional funding and more recently with retail investors. The company has attracted investment from Coinbase and Tiger Global Management. With its latest Series B funding, it is now considered a “unicorn” worth over a billion dollars.
Amber Group’s core platform is a suite of crypto finance providers in the fields of trading, wealth management and finance. One of the Amber Group’s most popular products for retail investors is the Amber App, a mobile application that allows users to easily trade, exchange, invest and earn cryptocurrencies. The Amber app is available in more than 140 countries and has attracted nearly 100,000 users since its launch in Q3 2020.
With Flexible Earn you can instantly earn up to 5% APY on your deposits and benefit from daily interest payments. With Fixed Earning, you can sign up for 1-360 days and receive up to 10% APR on USD stablecoins, including USDC and USDT, and up to 7% APR on BTC and ETH deposits. New users can even take advantage of the app’s promotional offer and receive APR of up to 16% on stable deposits from BTC, ETH and USD for a limited time.
“Since the Amber Group was founded, our goal has been to bring users an unprecedented crypto financial experience,” said Michael Wu, CEO of Amber Group. “We now serve users of all levels and hope that new users and referral incentives will encourage new crypto users to explore the suite of crypto services we have created. We look forward to adding more features and supporting new tokens soon. “
Although BTC and ETH are still preferred crypto investments, demand for DeFi tokens is skyrocketing, according to Amber Group. Amber Group has added DOT and BNB to its flexible monetization functionality, so users can earn up to 5% APR on their investments by simply depositing tokens into the Amber app wallet. Amber Group plans to add more than a dozen new tokens to these investment features in the coming months.
The Amber app is currently offering $ 18 USDS to new users. Eligible new users are entitled to 18 USDS and up to 16% APR on stablecoin deposits in BTC, ETH and USD.
In addition, existing Amber App users are eligible to earn an additional 10 USDS per qualified referral, an 11% bonus for referral earnings (without flexible monetization), sign up for Yield Boost and receive up to 34% trading commission.
The Amber app now supports three new languages, Japanese, Turkish and Russian, in addition to English, Simplified Chinese, Traditional Chinese, Korean, Spanish and Portuguese. Users can also sign in to the app with a Facebook or Google account.
The Amber app is now available on the App Store and Google Play Store in more than 140 countries and regions.
Amber Group is one of the world’s leading 24/7 crypto financial services companies with offices in Hong Kong, Taipei, Seoul and Vancouver. In 2019, the company raised $ 28 million in a Series A fund led by Paradigm and Pantera Capital, involving Polychain Capital, Dragonfly Capital, Blockchain.com, Fenbushi Capital, and Coinbase Ventures.
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