Bitcoin miner firm Ebang launches Ebonex crypto exchange

Ebang, a publicly traded company that provides equipment for mining cryptocurrencies such as bitcoin (BTC), has officially announced the launch of its own cryptocurrency exchange.

According to Monday’s announcement, qualified investors will soon be able to register and trade on Ebang’s cryptocurrency exchange, called Ebonex.

Ebang’s CEO and chairman Dong Hu said: In recent years, we have made significant investments in research and development talent and product innovation iterations. The launch of our crypto-currency exchange business will not only expand the revenue streams of our crypto-currency exchange business, but also optimize the development of our blockchain.

Ebonex supports major cryptocurrencies such as bitcoin and ether (ETH), as well as the stablecoin Tether (USDT). Other supported coins include Litecoin (LTC), Cardano (ADA), Zcash (ZEC), Dash (DASH), Tezos (XTZ), EOS and Monero (XMR).

The exchange launched in mid-March in an invitation-only beta phase.

The announcement did not mention which jurisdictions will be approved to trade on the new Ebang cryptocurrency exchange. Ebang did not immediately respond to Cointelegraph’s request for comment.

As Cointelegraph previously reported, Ebang was listed on the Nasdaq Global Market under the ticker EBON in June 2020, making it the second largest bitcoin producer listed on a U.S. exchange after Chinese cryptocurrency mining company Canaan.

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