Asia Broadband, Inc. (OTC Pink: AABB) is primarily focused as a resource company, which is centered around the production, supply and sale of precious and base metals within the Asian markets. The company is also working on a unique cryptocurrency called AABBG, which is slated to be a mine-to-token, gold-backed cryptocurrency.
Shares of the Asia-focused mining and cryptocurrency company are rallying 38% through afternoon trading on Thursday, October 28, 2021. Over the past thirty days, Asia Broadband has seen average daily volume of 17.59 million shares. However, volume of 37.29 million shares or dollar volume of $4.23 million, has already exchanged hands through afternoon trading on Thursday.
Asia Broadband shares rallied after the company announced that it is near the completion of its proprietary cryptocurrency exchange and preparing for imminent launch. Over the past several months, management has been working on the exchange, adding new features, and expanding usability.
Management notes that the exchange’s platform, the BCGateway, has been completed. Currently, the BCGateway accepts and supports 82 cryptocurrencies that can be purchased with the AABBG token in the AABB Wallet. Additional cryptocurrencies may be added to the platform in the future.
The exchange will be available at AABBExchange.com and trading pairs are being created from its growing roster of accepted cryptocurrencies. Management reports all customer accounts have been migrated to the BCGateway. This helps to increase speed of AABB Wallet navigation, as well as transaction processing. The BCGateway will look to drive transaction growth by offering reduced blockchain gas fees for all cryptos, as well as increasing speed for deposits, withdrawals and internal trades.
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