Ebang, the major Chinese Bitcoin mining equipment supplier, has planned to acquire a financial firm in New Zealand to set up a local digital asset financial service platform.
It has been reported in an official announcement that Ebang International Holdings has entered an Expression of Interest tender letter to acquire a 100% share of an unnamed company.
However, the firm offers wholesale and generic financial brokerage and wealth management services.
Ebang representatives emphasized that the potential deal is subject to the “negotiation of a definitive agreement among the relevant parties” while the acquisition is not yet finalized.
The firm stated:
“There is no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated in time, or at all.”
Dong Hu, the CEO of Ebang, said:
“Leveraging our longstanding expertise in the blockchain technology and our recent expansions to Singapore, Canada and New Zealand, we have taken a giant stride toward our goal to build a fully-licensed, Internet-based trading platform that provides professional, convenient and innovative trading services.”
Likewise, Ebang went public on Nasdaq in June 2020.
Thus, the firm wants to set up a wide array of crypto-related services, including crypto mining farms, pools, digital asset financial service platforms, and others.
Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.
Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.
We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.