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Bitcoin Mining Giant Ebang Set To Launch Crypto Exchange In Q1 2021

Mary Liu

Summary: Ebang International, a Nasdaq-listed mining giant based in China announced today that it will launch a cryptocurrency exchange in the first quarter of 2021. The company has completed internal testing of its cryptocurrency exchange and will begin public testing soon. After the news come out, the company's share price soared 25%. Early this year, Ebang’s Canadian ...

Ebang International, a Nasdaq-listed mining giant based in China announced today that it will launch a cryptocurrency exchange in the first quarter of 2021. The company has completed internal testing of its cryptocurrency exchange and will begin public testing soon. After the news come out, the company's share price soared 25%.

Early this year, Ebang’s Canadian subsidiary has obtained a currency service business license from the Canadian Financial Transaction and Reporting Analysis Center (FINTRAC), which will allow the company to provide foreign exchange transactions, digital currency transfers, and virtual currency trading services in Canada.

By Mary Liu

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