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Ebang Launches Australia-Based Subsidiary, Seeks Approval for New Exchange
The move is part of the bitcoin mining machine producer's plan to build a digital asset financial service platform.
Nasdaq-listed bitcoin mining equipment manufacturer Ebang has set up a wholly owned subsidiary in Australia as part of its strategy to create a digital asset trading platform.
Story continues
- The company has applied for but not yet received an Australian financial services license, per a Thursday press release.
- In June, CFO Chen Lei confirmed the Hangzhou-based company planned a cryptocurrency exchange that would strictly operate outside of China, as CoinDesk previously reported.
Zack Voell
Zack Voell is a financial writer with extensive experience in cryptocurrency research and technical writing. He has previously worked with leading cryptocurrency data and technology firms, including Messari and Blockstream. His work (and tweets) has appeared in The New York Times, Financial Times, The Independent and more. He owns bitcoin.
