This will be the first of its kind retirement app for crypto, the publication said. It enables buying, selling and exchanging crypto assets in self-managed retirement accounts.
Users can invest in crypto 24/7, watch their portfolios perform over time, earn interest, and use tools like custom price alerts, real-time live prices, and more, according to the publication.
Retirement accounts in cryptocurrencies are growing in popularity recently, and the company’s mission is to “Help Americans Retire Early” with a simple mobile app use for crypto investing.
Amber Group specializes in algorithmic trading and high frequency trading. The company also recently launched a mobile app to help retail investors alongside institutional investors, according to the report.
“We had record months in both customer flow and market-making volume on the exchange in the past quarter,” CEO Michael Wu said in a statement, per the report.
There are several new activities that can be licensed, including crypto-fiat exchange services, virtual asset transfer services, and the custody or management of virtual assets, the press release said.
And there can be multiple types of people operating, including people or companies who are published as legally authorized to use crypto and others who are required to declare their crypto to the government. Persons who are treated as legal resident or established in Portugal will also be admitted.