Chinese ASIC maker launching its own cryptocurrency exchange in 2021

Chinese mining equipment maker Ebang launching its own cryptocurrency exchange in 2021

Ebang International Holdings Inc. one of the largest manufacturers of mining equipment in China, is launching its own cryptocurrency exchange. The company announced this in an official press release.
We also don’t know what cryptocurrencies will be traded.

Easy money, after announcing of launching a cryptocurrency exchange

Shares of Ebang (EBON) jumped 23.37% after announcing the launch of its own trading platform. At the time of writing, the company was trading at $6.07.

Ebang conducted its first public offering of Class A and B common stock in the summer of 2020, with a price per share of $0.001 per share. The stock is traded on the New York Stock Exchange’s Nasdaq Global Marketplace.

Ebang net sales fell to $11 million in the first half of 2 0 2 0, down 50 percent from the same period in 2 0 1 9. Hu then told CoinDesk in an interview that return on investment was down because of the coronavirus epidemic.

Chinese ASIC maker launching own cryptocurrency exchange in 2021
Chinese ASIC maker launching own cryptocurrency exchange in 2021

Meanwhile, the New York Stock Exchange (N Y S E) announced that it was withdrawing support from three major Chinese companies due to U.S. administrative policies. China Mobile, China Unicom and China Telecom Hong Kong fell under the sanctions. China said it would take steps to protect the companies’ rights and interests.

We can say for sure that 2 0 2 1 – the year of the bull, has not had time to come into its rights, and it has already swamped a whole bunch of events, and not only in the crypto world. Let’s hope that this year will be full of happy news and great events!

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Roman Mikhailov
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