⚠️ SPARROW EXCHANGE NO LONGER EXISTS as an independent platform. Sparrow was acquired by Amber Group in November 2022 and fully rebranded to “Amber Premium Singapore” as of April 30, 2025. Amber International (Nasdaq: AMBR) now operates the MAS-licensed institutional crypto platform. If you are looking for Sparrow-style crypto options trading, visit Amber Premium at ambergroup.io.
Sparrow Exchange — What Happened
Sparrow Exchange was a Singapore-based cryptocurrency options trading platform, founded in 2018 by Kenneth Yeo. It raised $13.6M in funding (backed by BitMEX/HDR Group, Signum Capital, FinLab EOS VC) and obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore in August 2022 — a significant regulatory achievement.
In November 2022, Amber Group (Temasek-backed institutional crypto firm) acquired Sparrow Holdings. By April 2025, after Amber Group merged with iClick Interactive to form Amber International Holding Limited (Nasdaq: AMBR), the Sparrow platform was fully integrated and rebranded to “Amber Premium Singapore” — completing the transition from independent crypto options exchange to a wholly-owned institutional digital assets subsidiary of a NASDAQ-listed company.
⚡ Bottom Line: The Sparrow Exchange brand is gone. The underlying MAS-licensed entity now operates as Amber Premium Singapore under Amber International (AMBR on Nasdaq). For institutional crypto options and digital asset services in Singapore, visit ambergroup.io. For retail crypto options trading, consider Deribit or OKX Options instead.
