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Ebang aims to set up digital financial platform in New Zealand

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Ebang, a significant Chinese language Bitcoin (BTC) mining tools provider, is planning to accumulate a monetary agency in New Zealand to arrange an area digital asset monetary service platform.

Based on an official announcement on Oct. 14, Ebang Worldwide Holdings has entered an Expression of Curiosity tender letter to accumulate a 100% share of an unnamed firm. The New Zealand-based agency presents wholesale and generic monetary brokerage and wealth administration providers, the announcement notes.

Ebang representatives emphasised that the potential deal is topic to the “negotiation of a definitive settlement among the many related events,” whereas the acquisition isn’t but finalized. The agency acknowledged:

There isn’t any assurance {that a} definitive settlement might be entered into or that the proposed transaction might be consummated in time, or in any respect.”

Ebang CEO Dong Hu stated, “Leveraging our longstanding experience within the blockchain know-how and our current expansions to Singapore, Canada and New Zealand, we have now taken an enormous stride towards our objective to construct a fully-licensed, Web-based buying and selling platform that gives skilled, handy and revolutionary buying and selling providers.”

Ebang executives didn’t instantly reply to Cointelegraph’s request to touch upon the information.

Ebang went public on Nasdaq in June 2020. The agency desires to arrange a wide selection of crypto-related providers together with crypto mining farms, swimming pools, digital asset monetary service platforms, and others.


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