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Bitcoin Mining Manufacturer Ebang Launches Beta Phase for Crypto Exchange
The company's shares jumped 55% after the announcement.
By Zack Voell
Updated Sep 14, 2021, 12:25 p.m. Published Mar 12, 2021, 4:47 p.m.
Bitcoin mining machine manufacturer Ebang will launch its new cryptocurrency exchange in an invite-only beta phase on March 15, according to an announcement.
STORY CONTINUES BELOW
- 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.
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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
알아야 할 것:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
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