Ebang Launches Australia-Based Subsidiary, Seeks Approval for New Exchange

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.

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.

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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.

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