A Fresh Start in the Crypto Space
Former Morgan Stanley Asia head of derivatives, Jeffrey Wang, has made a leap into the cryptocurrency world by joining Amber Group, a fast-growing Shenzhen-based company. Moving his base to Vancouver, Wang will take on the role of Head of Americas for Amber, bringing along a wealth of experience and insight from traditional finance.
The Old Faces of New Ventures
Wang’s move isn’t out of the blue; he’s not new to the names at Amber. Having collaborated with four of the five founders at Morgan Stanley, including Wayne Huo and Tony He—who reported directly to him—there’s a comfort level there that isn’t easily found in the normally chaotic crypto market.
No Time to Waste
Despite taking a break from the industry for the past three years, Wang got excited about the potential of a rapidly growing sector. As he noted, “As the more mature traditional markets are continuing to see compressed margins and moving to automation, the crypto financial market is still in its infancy.” This passion for innovation and growth is exactly what he believes will benefit from his extensive experience in derivatives.
Amber Group: Where Tech Meets Trading
Founded in 2015, Amber began as a side project by four traders from Morgan Stanley—Michael Wu, Tiantian Kullander, Wayne Huo, and Tony He—along with Bloomberg LP developer Thomas Zhu. By 2017, they went full throttle, aiming to harness machine learning for trading strategies.
AI in Action
According to industry reports, including a detailed analysis by Cointelegraph, technology like artificial intelligence and machine learning is pivotal for the evolution of trading bots, which continually learn and adapt to market changes.
A New Frontier Awaits
Wang’s arrival at Amber Group could mark a significant shift in how traditional trading techniques blend with cutting-edge technology in the crypto landscape. With his leadership, Amber Group is set to push the boundaries of what’s possible, merging conventional finance wisdom with the wild west of digital assets.
