Ebang, a significant Chinese language Bitcoin (BTC) mining apparatus provider, is making plans to obtain a monetary company in New Zealand to arrange an area virtual asset monetary provider platform.
In keeping with an legitimate announcement on Oct. 14, Ebang World Holdings has entered an Expression of Hobby soft letter to obtain a 100% proportion of an unnamed corporate. The New Zealand-based company provides wholesale and generic monetary brokerage and wealth control products and services, the announcement notes.
Ebang representatives emphasised that the prospective deal is matter to the “negotiation of a definitive settlement a number of the related events” whilst the purchase isn’t but finalized. The company mentioned:
“There is not any assurance definitive settlement will likely be entered into or that the proposed transaction will likely be consummated in time, or in any respect.”
Ebang CEO Dong Hu mentioned, “Leveraging our longstanding experience within the blockchain generation and our fresh expansions to Singapore, Canada and New Zealand, we now have taken an enormous stride towards our function to construct a fully-licensed, Web-based buying and selling platform that gives skilled, handy and leading edge buying and selling products and services.”
Ebang executives didn’t right away respond to Cointelegraph’s request to remark at the information.
Ebang went public on Nasdaq in June 2020. The company desires to arrange a wide selection of crypto-related products and services, together with crypto mining farms, swimming pools, virtual asset monetary provider platforms and others.