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Bitcoin Mining Manufacturer Ebang Launches Beta Phase for Crypto Exchange
The company's shares jumped 55% after the announcement.
Bitcoin mining machine manufacturer Ebang will launch its new cryptocurrency exchange in an invite-only beta phase on March 15, according to an announcement.
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- By April, Ebang plans to end the beta phase and fully launch its exchange.
- Shares of the company jumped after the announcement, gaining more than 55% since Thursday. Ebang shares were trading above $11 at last check.
- The launch comes less than a year after the Nasdaq-listed company announced plans to launch an exchange that would strictly operate outside of China, per CoinDesk's prior reporting.
- In December 2020, Ebang set the end of Q1 2021 as the target date to launch the exchange.
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.
