Chinese Bitcoin Miner Producer Ebang Is Launching an Offshore Exchange

[Tnoy30]

One of the major manufacturers bitcoin mining equipment hopes launching its own exchange could double total revenue by 2022.

In an interview with Bloomberg BNN, CFO Chen Lei confirmed the Hangzhou-based Ebang was planning to launch a regulatory-compliant crypto exchange that would strictly operate outside of China, where the government has cracked down hard on trading platforms.

Little else is known about the proposed exchange other than Ebang hopes to turn its fortunes around by tapping transaction fees as a consistent source of income.
Read on: https://www.coindesk.com/chinese-mining-giant-ebang-offshore-crypto-exchange