fbpx
The Daily Chain
No Result
View All Result
  • News
    • All News
    • Assets
    • Bitcoin
    • Business
    • Editor’s Picks
    • Technology
  • Markets
    • Market Updates
    • Live Cryptocurrency Market Prices
    • Press Release
  • Features
    • Articles
    • Opinion
    • Interviews
    • Quiz
  • Education
    • Blockchain
    • Trading
    • Investing
    • Safety
  • Media
    • Video
    • Podcasts
  • Reviews
  • Asset List
  • News
    • All News
    • Assets
    • Bitcoin
    • Business
    • Editor’s Picks
    • Technology
  • Markets
    • Market Updates
    • Live Cryptocurrency Market Prices
    • Press Release
  • Features
    • Articles
    • Opinion
    • Interviews
    • Quiz
  • Education
    • Blockchain
    • Trading
    • Investing
    • Safety
  • Media
    • Video
    • Podcasts
  • Reviews
  • Asset List
No Result
View All Result
The Daily Chain
No Result
View All Result
Home All News

Ebang International Holdings Builds Subsidiary as Groundwork for Crypto Exchange

Wayne Jones by Wayne Jones
15th August 2020
2 min read
0
Ebang International Holdings Builds Subsidiary as Groundwork for Crypto Exchange

Ebang International Holdings Builds Subsidiary as Groundwork for Crypto Exchange

0
SHARES
0
VIEWS
FacebookTwitterLinkedinTelegramEmailWhatsapp

Ebang International Holdings Inc. announced on August 14, the establishment of a Singapore-based subsidiary wholly owned by the company. The move comes in preparation for the introduction of its crypto exchange. Ebang produces bitcoin mining equipment and is a leading manufacturer of application-specific integrated circuit chip (ASIC).

From Bitcoin Mining to Crypto Exchange

As per the statement of Mr. Dong Hu, the CEO and Chairman of Ebang International, the Singapore subsidiary will open doors for the company to diversify its services, Now, they expect not only to provide mining equipment but also to offer customers with a trading platform.

He further stated that Ebang is to construct the ideal risk control system and an efficient transactional system to support its new services. It expects to get support from its development team and other necessary experts to leverage blockchain technology and offer all investors a secure, speedy, and reliable transactional system for digital assets exchange. He also expressed the company’s wish to avail maximum profits for traders while exploring more blockchain development options.

Ebang’s Recent Engagements

In June, Ebang conducted an Initial Public Offering and listed its Class A ordinary shares on NASDAQ as its select exchange. It is the second Chinese company to launch an IPO successfully on a U.S.-based exchange. The company raised over 100 million USD through the sale of 19,264,377 at an initial price of 5.23 USD. The shares offered on the IPO were less than what is quoted in an SEC filing before the IPO.

The company had attempted previously to get listings on the Hong Kong Stock Market in 2018, but the project was a failure. The IPO being fruitful gives Ebang the chance to work on other operations besides mining equipment into more geographical regions and business areas. Furthermore, the proceeding as per the June 17 filing will “pour into development of new mining equipment, corporate branding, and marketing endeavors, and general corporate purposes.” Ideally, these funds could also go into the new exchange proposal.

Future Hopes for the Company’s Crypto Exchange

According to Mr. Dong, the next step concerning the exchange platform is to acquire necessary governmental approvals and licenses related to crypto exchanges and similar ventures. However, he warns Ebang’s customers not to put their hopes high relating to these plans. He hoped all would go well, but noted that there was no guarantee of certain approval and licensing or the beginning of the project thereof.

Tags: Crypto exchangeEbang InternationalNasdaq
ShareTweetShareShareSendSend
Wayne Jones

Wayne Jones

Wayne is a Blockchain enthusiast and expert in crypto trading. Currently, I cover trendy issues on digital currencies.

Related Posts

America’s IRS looking a lot closer at crypto transactions in 2020 tax returns
All News

SEC’s exam division releases ‘risk alert’ – highlighting concerns around regulatory compliance

27th February 2021
China-CBDC-scam
All News

Chinese Police issue warning about CBDC scam promising access to $186M Government Fund

27th February 2021
Nicolas Maduro-Petro-Digital bolivar
All News

Nicolas Maduro says a digital currency “surprise” is coming

26th February 2021
Elon Musk holding DOGE
All News

Will SEC Investigate Elon Musk’s Impact on Dogecoin?

26th February 2021
BTC Price Eyes Worst Weekly Slide since March Of 2020
All News

BTC Price Eyes Worst Weekly Slide since March Of 2020

26th February 2021
MIT-Bitcoin
All News

MIT announces 4-year project that seeks to strengthen the Bitcoin Network Security

26th February 2021
Next Post
U.K. - Bitcoin fraud

U.K. Woman duped the government to buy $150,000 worth of Bitcoin

Bitmain - Marathon

Bitmain sells 10,500 mining rigs to Nasdaq listed Marathon

Please login to join discussion
  • All News
  • Editor's Picks

SEC’s exam division releases ‘risk alert’ – highlighting concerns around regulatory compliance

Chinese Police issue warning about CBDC scam promising access to $186M Government Fund

Nicolas Maduro says a digital currency “surprise” is coming

Will SEC Investigate Elon Musk’s Impact on Dogecoin?

BTC Price Eyes Worst Weekly Slide since March Of 2020

Join our newsletter!

Enter your email to receive our newsletter.


Don’t worry, we don’t spam
ADVERTISEMENT

Popular Posts

  • ‘Crypto for Congress’ initiative to send $50 of BTC to US Congress members

    Whale Alert flags over 13000 BTC moved off Coinbase

    0 shares
    Share 0 Tweet 0
  • Coinbase publicly reveals it has held Bitcoin on its Balance Sheet since 2012

    0 shares
    Share 0 Tweet 0
  • Bitcoin sold as low as $6,100 due to a Glitch – Crypto Exchange demands it back

    0 shares
    Share 0 Tweet 0
  • MIT announces 4-year project that seeks to strengthen the Bitcoin Network Security

    0 shares
    Share 0 Tweet 0
  • Canadian Bitcoin ETF attracts over $400mln in investments in 48 hours

    0 shares
    Share 0 Tweet 0

Market Updates

BTC Price Eyes Worst Weekly Slide since March Of 2020

BTC Price Eyes Worst Weekly Slide since March Of 2020

26th February 2021
BTC Market Endures Bias Conflict: Why BTC Prices are Wobbling Around $50K

BTC Market Endures Bias Conflict: Why BTC Prices are Wobbling Around $50K

25th February 2021
CoinShare Lists an Ethereum Traded Product on SIX Swiss Exchange

CoinShare Lists an Ethereum Traded Product on SIX Swiss Exchange

24th February 2021

Media

hashoshi-alts (2)

Altcoin Season Picks / Projects with Huge Potential

9th September 2020
cardano-ADA

Hashoshi: Cardano Shelley is live… but what’s next is WAY BIGGER

19th August 2020
hashoshi-alts

Hashoshi: Low Cap Alts you need to be watching in 2020

5th August 2020
fomohunt-podcast

FomoHunt Podcast – Joe Vezz & Jon Farjo: Tracking Social Sentiment Waves with Lunar Crush

30th July 2020
ethereum-hashoshi

Hashoshi: Ethereum 2.0, Chainlink, Bitcoin Price, and more!

27th July 2020
fomohunt-podcast

FomoHunt Podcast – Joe Roets: Behind the scenes of “Open source money”

24th July 2020
The Daily Chain

The Daily Chain is a news platform and educational hub founded in January 2019. We are dedicated to providing unique and informative daily content across all facets of the blockchain and cryptocurrency industry whether it be news, opinion pieces, technical analysis, reviews, interviews, podcasts and more.

LEARN MORE »

Recent Posts

  • SEC’s exam division releases ‘risk alert’ – highlighting concerns around regulatory compliance
  • Chinese Police issue warning about CBDC scam promising access to $186M Government Fund
  • Nicolas Maduro says a digital currency “surprise” is coming
  • Will SEC Investigate Elon Musk’s Impact on Dogecoin?

Information

  • About
  • Contact
  • Site notice
  • Risk Warning
  • Privacy Policy

Categories

  • News
  • Markets
  • Features
  • Education
  • Media
  • Reviews

TheDailyChain © 2020. The Home of Digital Assets

No Result
View All Result
  • News
    • All News
    • Assets
    • Bitcoin
    • Business
    • Editor’s Picks
    • Technology
  • Markets
    • Market Updates
    • Live Cryptocurrency Market Prices
    • Press Release
  • Features
    • Articles
    • Opinion
    • Interviews
    • Quiz
  • Education
    • Blockchain
    • Trading
    • Investing
    • Safety
  • Media
    • Video
    • Podcasts
  • Reviews
  • Asset List

TheDailyChain © 2020. The Home of Digital Assets

At The Daily Chain, we are committed to protecting the personal data of our audience.
In light of the General Data Protection Regulation, we are asking our audience in Europe to consent to the use of cookies by The Daily Chain and its partners to continue to our site. These cookies are used to personalize your user experience (content and ads) and support and improve the site. Please click “I Agree, Continue to Site” below to consent to the use of this technology and continue to TheDailyChain.com. Visit our Privacy Statement to learn more. Cookie settingsAgree, continue to site
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

bitcoin
Bitcoin (BTC) $ 44,644.00 6.78%
ethereum
Ethereum (ETH) $ 1,369.03 9.21%
cardano
Cardano (ADA) $ 1.19 12.34%
tether
Tether (USDT) $ 1.00 0.14%
binance-coin
Binance Coin (BNB) $ 211.99 9.32%
polkadot
Polkadot (DOT) $ 30.93 8.65%
xrp
XRP (XRP) $ 0.420100 5.27%
litecoin
Litecoin (LTC) $ 159.51 10.21%
chainlink
Chainlink (LINK) $ 24.33 4.84%
stellar
Stellar (XLM) $ 0.408941 1.03%
Newsletter

Join our newsletter!

Enter your email to receive our newsletter.

Don't worry, we don't spam