Amber Group

CryptoSingapore

New to Unitard

📉 Public < $1B

Peak $3 BillionToday

−95%

from peak

🦄
Became a unicorn
2021
📈
Peak valuation
$3 Billion ’22
💔
Became a Unitard
2022
💸
Last valuation
~$150M

Current status

Public (AMBR)

Live · AMBR· NasdaqGM

as of 2026-10-23

$1.59▼ 6.47% today

≈ $150 Million market cap · −95.0% from peak

The rise & fall

9 moments · 2017–2026

The key moments, with employee sentiment along the way.

2017

Founded by ex-bank traders

A quant crypto trading desk that grows into one of Asia's biggest institutional digital-asset platforms.

Bloomberg

2021

Joins the unicorn club

Backers including Tiger Global, Pantera and Coinbase Ventures put the platform past $1B; Temasek and Sequoia China join at the peak round.

The Block

Feb 2022

The peak: a $3B round$3B

The raise lands months before the deep 2022 crash.

Bloomberg

2022

Crypto winter, then FTX

The 2022 crash hits trading volumes, FTX's collapse spreads contagion through Asia's desks, and Amber cuts staff.

Bloomberg

2022

Slips out of the club

A down round makes the markdown official.

The Block

2022–23

From the inside · Glassdoor reviews, 2022–23

Glassdoor reviews from the crash era described the turbulence: repeated layoffs reviewers said often came with little warning, bonuses pared back as revenue fell, and a leadership team insiders felt had scaled too fast to settle on a strategy.

2023

Sells the Japan unit to Sony

The breakup begins; Amber reorganizes around its wealth arm.

Bloomberg

2025

The wealth arm lists on Nasdaq

Amber International Holding — the reorganized survivor — debuts as AMBR.

SEC filing

2026

About $144M remains

The listed remnant trades at roughly one-twentieth of the 2022 peak.

The Block

Today

Still in the club — and still trading

Live · AMBR · NasdaqGMas of 2026-10-23

$1.59▼ 6.47% today≈ $150M cap · −95.0% from peak

💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; dated facts carry their source.

How it happened

Amber Group was one of Asia's biggest crypto trading and digital-asset platforms, and at the 2021-22 peak it reached a $3B valuation backed by Temasek, Sequoia China and Coinbase Ventures.

The crypto crash and FTX contagion hit hard: it cut staff, raised a down round and broke itself up, selling its Japan unit to Sony and reorganizing around its wealth arm, Amber International Holding, which listed on Nasdaq in 2025 before the shares fell to about $144M.

Source: Bloomberg / The Block / SEC 20-F (institutional crypto trading and digital-asset platform backed by Temasek, Sequoia China, Tiger Global, Pantera and Coinbase Ventures; peaked at a $3B valuation in a Feb 2022 round; battered by the 2022 crypto crash and FTX contagion it cut staff, raised a down round and broke itself up — selling its Japan unit to Sony — with the surviving wealth arm Amber International Holding listing on Nasdaq in 2025 and now worth about $144M)