Bitcoin Mining Manufacturer Ebang Launches Beta Phase for Crypto Exchange

The company's shares jumped 55% after the announcement.

AccessTimeIconMar 12, 2021 at 4:47 p.m. UTC
Updated Sep 14, 2021 at 12:25 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Bitcoin mining machine manufacturer Ebang will launch its new cryptocurrency exchange in an invite-only beta phase on March 15, according to an announcement.

  • 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.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.