Jeffrey Wang finally ties with Amber Group, a Shenzhen-based cryptocurrency organization reported by Bloomberg on Aug 23rd. Jeffery will function as the chief of Americas at Vancouver. Wang was working with Morgan Stanley along with four founders of Amber Group including Wayne Huo and Tony He — both reporting directly to wang.
Amber Group is a Shenzhen-based company dealing in cryptocurrency. The Amber Group works on the principle of innovation and insists on making sure that it makes an impact in the industry and its market. The officials from the company stated they would want to leverage the fancy technologies like Machine Learning in fueling the company’s impeccable growth. Application-specific embedded circuits (ASICs) to have a better comprehension of the complex equations. They implied that learning provided from the algorithms of machine learning would be comparing the older problems with new ones and hence help in solving them. The good news is that the world is going to see more trading bots to take care of the business while the traders are away.
Wang is supposed to take charge of all operations including 3 years of work before him. He mentions the notions of the importance of experience and skill in fostering the growth in a rapidly growing organization like Amber. He said,
“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.”
Amber Group began working in the year 2015, an alternative to work for 4 officials at Morgan Stanley — Tiantian Kullander, Michael Wu, Huo and himself. The Bloomberg LP developer, Thomas Zhu accompanied them too. The team of 5 worked on a big project in 2017. Amber’s motive was to explore advanced technologies like Machine Learning (ML) for business growth.
In November last year, that technologies like machine learning and AI will aid various trading companies to evolve and grow consistently.
After almost three years of break, wang is lured back to the world of competitive markets by insisting to working in a fast-growing niche area, possibly some infrastructural company with professional expertise finance. His already nurtured skills would be a great advantage for a company like Amber.
At the end of 2017, crypto market was on brim and, the quintet started working dedicatedly with Amber, pulled onboard another Morgan Stanley colleague, Luke Li, and aimed at acquiring some profit-making digital assets.