Bitcoin miner firm Ebang launches Ebonex crypto exchange

Published at: April 5, 2021

Ebang, a publicly listed company providing mining hardware for cryptocurrencies like Bitcoin (BTC), has officially announced the launch of its own crypto exchange.

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

Ebang CEO and chairman Dong Hu said: “In recent years, we have made a considerable investment in R&D talent recruiting, as well as product innovation and iteration. 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 industry chain.” 

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

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

The announcement did not mention which jurisdictions are eligible to trade on Ebang’s new crypto exchange. Ebang did not immediately respond to Cointelegraph’s request for comment.

As previously reported by Cointelegraph, Ebang was listed on the Nasdaq Global Market under the ticker EBON in June 2020, becoming the second Bitcoin miner manufacturer to go public on a United States stock exchange after Chinese crypto mining firm Canaan. 

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