The Hong Kong-based cryptocurrency company Amber Group has launched an updated version of its WhaleFin platform for trading and investing in digital assets.
According to Amber Group CEO and co-founder Michael Wu, it provides access to institutional-grade tools through a simple interface:
“The concept of material wealth has radically changed over the last few years. We need to rethink the ways of investing in a future that is becoming increasingly digital and decentralised,” he noted.
Users can access WhaleFin in a browser or install the app for Android and iOS.
The mobile version of WhaleFin offers Lite and Pro modes, while the web version offers only Pro.
Lite supports spot trading for more than 100 cryptocurrencies and deposits yielding up to 16% per year. Clients can invest for periods from one day to one year.
In Pro mode, users also have access to margin trading, crypto-collateralised loans, and Dual Currency — deposits with a floating return paid in one of two currencies. The minimum loan rate is 0.0198% per day (7.2% per year).
When trading in Pro mode, investors can also use advanced order types: Iceberg, Time-Weighted Average Price (TWAP), and Volume-Weighted Average Price (VWAP). They minimise market impact and help achieve a better execution price.
Earlier, Deloitte named Amber Group a technology leader in 2021.
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