Bitcoin mining machine maker Ebang International Holdings Inc. announced in a press release Monday that it has officially launched its cryptocurrency exchange.
The blockchain technology company also indicated in the announcement that investors who meet their criteria and are interested in becoming a part of the new cryptocurrency exchange can register and trade by visiting the company’s official website at www.ebonex.io. The new platform supports a number of crypto assets including Bitcoin (BTC), Ethereum (ETH), and USDT.
Ebang primarily focuses on the design of Application Specific Integrated Circuit (ASIC) chips and also the manufacturing and selling of Bitcoin mining machines. With the aid of its access to wafer foundry capacity, the company produces bitcoin mining machines for the cryptocurrency market.
Alongside that, the company also deals in the provision of telecommunication products including the management and maintenance services for such products. While it is based in China, its services are not excluded within that country alone, it offers services to clients in Mainland China, Hong Kong, the United States, and other countries.
One of the goals of the blockchain company is to “launch a professional, convenient and innovative digital asset financial service platform to expand into the upstream and the downstream of blockchain and cryptocurrency industry value chains.”
This goal has most likely led to the latest development, the upcoming launch of a cryptocurrency exchange. Since the company cannot decide if the new crypto exchange will improve the financial status of the company, it warned its shareholders not to make decisions based on the announcement.
Concerning the company’s latest movie, Mr. Dong Hu, Chairman, and CEO of the Company, commented, “The official launch of our cryptocurrency exchange is the result of our continuing investment in research and development. In recent years we have made a considerable investment in R&D talent recruiting, as well as product innovation and iteration.”
“The launch of our cryptocurrency exchange business will not only expand the revenue sources from our cryptocurrency business but also optimize the development of our blockchain industry chain,” he concluded.
In a similar development, Belarusbank, the largest bank in Belarus, partnered with Hi-Tech Park-based crypto payment operator White Bird to launch a cryptocurrency exchange for both Russian and Belarusian citizens to trade cryptocurrency using Visa payment cards.
Affiliate: Get a Ledger Nano X for $119 So That Hackers Won’t Steal Your Crypto!