Mining hardware manufacturer Ebang will launch a beta version of its own cryptocurrency exchange this week. In case of successful testing, the trading floor will be launched in April.
Ebang will launch a beta version of its own cryptocurrency exchange on March 15, according to the company. Against this backdrop, the shares of the company traded on the Nasdaq at the end of last week rose 55% and reached $ 11. Now their price has dropped to $ 10.4. Ebang Chairman and CEO Dong Hu said:
“Our cryptocurrency exchange will accelerate the development of the company in the financial technology industry. In addition to creating a financial services platform for digital assets, the company will also explore other business opportunities to create mining farms and cryptocurrency mining to optimize the structure of the global cryptocurrency platform, as well as our offerings in the value chain of the blockchain industry. ”
By April, Ebang plans to complete the beta testing phase and launch a full version of the cryptocurrency trading platform. Last summer, the Chinese mining equipment maker announced that it plans to launch its own exchange in Singapore.
At the beginning of the year, Ebang announced that it would start mining bitcoin using its own ASIC miners and leasing computing power from other farms. In addition, the company plans to expand mining operations to Litecoin (LTC) and Dogecoin (DOGE).
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