Bitcoin Miner Maker Ebang Launches Cryptocurrency Exchange

Publicly listed Ebang International (Nasdaq: EBON), a Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term mining hardware manufacturer, announced on Monday the launch of its cryptocurrency exchange, Ebonex.io.

The new crypto exchange player is offering both spot and margin trading facilities and is only allowing ‘qualified investors’ to register and trade digital currencies. It is now clear if it will be open for retail investors as well in the future.

Commenting on the development, Ebang Chairman and CEO, Dong Hu, said: “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.”

Diversifying Cryptocurrency Business

The Hangzhou-based company already revealed its plans of launching a crypto exchange late last year. The company is operating its international cryptocurrency operations, including its new exchange business, from its Singapore-based entity.

Ebonex was operating in beta since mid-March in an invite-only mode before the complete launch. The exchange is listing numerous top digital currencies, including Bitcoin, Ethereum, Chainlink, Polkadot and Litecoin.

However, the company did not clarify the jurisdictional presence of the cryptocurrency exchange.

“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 Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term industry chain,” Hu added.

Ebang is one of the top Bitcoin miners manufacturers, lagging only behind its other Chinese competitors. The company went public last year on a United States stock exchange and is one of the few publicly traded crypto companies. However, investors did not take the new crypto exchange launch positively as the shares of the company went down by almost 5 percent as of press time, since the opening of the Monday market.