Bitcoin Mining Manufacturer Ebang Launches Beta Phase for Crypto Exchange

Bitcoin mining machine manufacturer Ebang will launch its new cryptocurrency exchange in an invite-only beta phase on March 15, according to an announcement.

• By April, Ebang plans to end the beta phase and fully launch its exchange.
• Shares of the company jumped after the announcement, gaining more than 55% since Thursday. Ebang shares were trading above $11 at last check.
• The launch comes less than a year after the Nasdaq-listed company announced plans to launch an exchange that would strictly operate outside of China, per CoinDesk's prior reporting.
• In December 2020, Ebang set the end of Q1 2021 as the target date to launch the exchange.