[Chinese & English CC] 超强以太坊ASIC开箱，算力超27张3080显卡 Unboxing Linzhi Phoenix: A new ASIC for ETH mining
Chinese ASIC manufacturer to launch crypto exchange in 2021
Chinese mining manufacturer will launch its own crypto exchange
The official launch is scheduled for the first quarter of 2021
The company’s shares jumped 20%
Chinese mining equipment manufacturer Ebang announced its intention to launch its own crypto exchange in 2021
One of the largest Chinese manufacturers of mining equipment, Ebang International Holdings Inc., will launch its own cryptocurrency exchange. The company announced this in an official press release..
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It is expected that public testing and a full launch of the exchange will take place in the first quarter of 2021. On moment of writing Ebang has completed internal testing of an unnamed crypto exchange, according to a press release.
What kind of cryptocurrencies will be available for trading is also still unknown..
Ebang CEO and Chairman Dong Hu noted that the company will continue to explore “other business opportunities in the blockchain and cryptocurrency industry.” Recall that Ebang is the second publicly Chinese hardware manufacturer for cryptocurrency mining after Canaan Creative.
Ebang (EBON) shares jump 23.37% after launching its own trading floor.
At the time of writing, the company’s stock is trading at $ 6.07.
Ebang held an initial public offering of Class A and B ordinary shares in the summer of 2020. The cost of one share was then $ 0.001 per share. Shares are listed on the Nasdaq Global Market New York Stock Exchange.
In the first half of 2020, Ebang’s net revenue dipped to $ 11 million, which is 50% lower than in 2019 for the same period. Then Hu said in an interview with CoinDesk that the reason for the fall in ROI was the coronavirus pandemic..
Update. Contrary to Trump’s order, the NYSE will not withdraw three Chinese stocks from trading yet. The exchange intends to consult with regulators regarding the applicability of the US presidential decree to them.
Meanwhile, the New York Stock Exchange (NYSE) is considering ending support for three large Chinese companies due to US administration policies. China Mobile, China Unicom and China Telecom Hong Kong were sanctioned. China said it will take measures to protect the rights and interests of companies.