Mining machine maker Ebang to launch crypto trading platform within three months
Rhythm BlockBeats news, January 1, Bitcoin mining equipment manufacturer EBON International (EBON) announced on December 31 that it is preparing to officially launch a cryptocurrency exchange in the first quarter of 2021 . Its shares jumped 16% on the news, soaring as high as $6.18 per share at one point, before falling back to $4.45 by press time.
Ebang International said that it has begun public testing of its cryptocurrency exchange and will officially launch it in the first quarter of 2021 roll out. Ebang International said the newly launched exchange will operate outside of China in compliance with regulatory requirements. Hu Dong, chairman and CEO of Ebang, said, "We will also explore other business opportunities in the blockchain and cryptocurrency industry, such as establishing mines and continuing cryptocurrency mining, to optimize our value in the blockchain industry product structure in the chain,"
Recently, Ebang established a wholly-owned subsidiary in Australia, which is the Part of the digital asset trading platform strategy.
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