Chinese manufacturer of mining equipment EBANG announced its intention to launch his own cryptobiru in 2021
One of the largest Chinese manufacturers of mining equipment, Ebang International Holdings Inc., will launch its own cryptocurrency exchange. This company reported in the official press release.
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It is expected that public testing and a full-fledged start of the exchange will be held in the first quarter of 2021. At the time of writing, EBANG material completed the internal testing of an unnamed cryptochegia, reported in a press release.
What kind of cryptocurrencies will be available for trading, is also unknown.
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CEO and Ebang Chairman Dong Hu noted that the company will continue to learn "other business opportunities in the blockchain and cryptocurrency industry." Recall, Ebang is the second public Chinese manufacturers of equipment for mining cryptocurrency after Canaan Creative.
After the announcement of the launch of the EBANG (Ebon)'s own trading platform, jumped by 23.37%. At the time of writing the article, the company's securities are traded at a price of $ 6.07.
Ebang conducted the primary placement of ordinary shares of class A and in the summer of 2020. The cost of one share was then $ 0.001 per piece. Shares are traded on the New York Stock Exchange NASDAQ Global Market.
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In the first half of 2020, the net revenue of Ebang asked to $ 11 million, which is 50% lower than in 2019 for the same period. Then Hu stated in an interview with CoinDesk that the cause of the drop in the payback was the coronavirus pandemic.
Update. Contrary to the order of Trump, NYSE will not yet be removed from trading a shares of three Chinese companies. The Exchange intends to consult with regulators regarding applicability to the Decree of the US President.
Meanwhile, the New York Stock Exchange (NYSE) considers the issue of termination of the support of three major Chinese companies due to the policy of the US administration. Under the sanctions hit China Mobile, China Unicom and China Telecom Hong Kong. In China, they stated that they would take measures to protect the rights and interests of companies.
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