Crypto Unicorn Amber Group Acquires Japanese Exchange DeCurret Inc.

Posted on by American Coins & Gold

Crypto Unicorn Amber Group Acquires Japanese Exchange DeCurret Inc.
Hong Kong unicorn Amber Group acquired DeCurret Inc., a licensed crypto exchange operator in Japan, from DeCurret Holdings for an undisclosed amount.The acquisition, which took place through Amber Group’s local subsidiary, WhaleFin Holdings Japan, marks Amber Group’s operational entry into Japan, according to a press release shared with CoinDesk on Tuesday.DeCurret Inc. is one of 30 crypto-asset exchange service providers (CAESP) registered with Japan’s Financial Services Agency (FSA). The exchange, which has been operating for three years, has yet to turn a profit, a DeCurret Holdings representative told CoinDesk in December 2021.Many exchanges in Japan have been struggling to survive,…