Ebang (Nasdaq: EBON), a Chinese bitcoin mining rig manufacturer, has registered a cryptocurrency exchange with the Australian Transaction Reports and Analysis Centre.
- According to a press release issued on Thursday, the registration of Ebang's wholly owned subsidiary, Ebonex Australia, as a digital currency exchange (DCE) was completed on December 3, 2021.
- The Nasdaq stock of Ebang went up 14% yesterday, despite the fact that it had lost 42% of its value in the last six months.
- According to Dong Hu, Chairman and CEO, the approval "would add tremendous value" to the firm's growth and will move it closer to being a "diversified and vertically integrated blockchain company."
- The company is situated in Hangzhou, China. In October 2020, Ebang established the subsidiary and began the registration process.
- According to the AUSTRAC website, registration must be renewed every three years.
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