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Ebang Launches Australia-Based Subsidiary, Seeks Approval for New Exchange

The move is part of the bitcoin mining machine producer's plan to build a digital asset financial service platform.

By Zack Voell
Updated Sep 14, 2021, 10:22 a.m. Published Oct 22, 2020, 7:18 p.m.
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Nasdaq-listed bitcoin mining equipment manufacturer Ebang has set up a wholly owned subsidiary in Australia as part of its strategy to create a digital asset trading platform.

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  • The company has applied for but not yet received an Australian financial services license, per a Thursday press release.
  • In June, CFO Chen Lei confirmed the Hangzhou-based company planned a cryptocurrency exchange that would strictly operate outside of China, as CoinDesk previously reported.
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  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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U.S. added 64,000 jobs in November, with unemployment rate jumping to four-year high of 4.6%

By James Van Straten|Edited by Stephen Alpher
38 minutes ago
Sign saying "Now Hiring" sits on a lawn.

Combined with softer than expected October data, this morning's numbers point to at least a modestly weaker jobs market as the economy heads into the end of the year.

What to know:

  • The U.S. added 64,000 jobs in November, while the unemployment rate rose to 4.6%.
  • As for October, employment fell by 105,000 versus 119,000 jobs added in September.
  • Both reports had been delayed to the U.S. government shutdown.
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