Shares of Asia Broadband (OTCMKTS:AABB) was one of the biggest gainers in the previous trading session on hefty volume after the news.
Market Action:
On Thursday, AABB stock surged 35.29% at $0.1150 with more than 78.95 million shares, compared to its average volume of 18.68 million shares. The stock has moved within a range of $0.0845 – 0.1199 after opening the trade at $0.0850.
Prepares For Imminent Launch of Proprietary Cryptocurrency Exchange
Asia Broadband (OTCMKTS:AABB) is presently in the final stages of integrating and testing the network of components, to release the proprietary cryptocurrency exchange within the AABB Wallet. The release is apparently set to happen soon, as this project has progressed at a swift pace in the last few months.
The brand new platform of this Exchange has been finished. There have been various improvements in terms of features and capabilities, so that functionality, usability, module additions and market penetration (including web version, Spanish language version and a new Exchange website), get a boost.
The AABB management and development team are thrilled about the Exchange launch. The completion of the gateway means that more cryptocurrencies can be added to it. As of now, the BCGateway platform accepts and supports 82 cryptocurrencies to purchase the AABBG token in the AABB Wallet. Trade pairs are being created as and when the list of cryptocurrencies gets updated.
Customer accounts have been shifted to the BCGateway, which enhances speed of the AABB Wallet, along with transaction processing. The network has not only become faster, but more robust too, so a larger transaction volume can be accommodated. This gateway is set to enable transaction growth via reduced blockchain gas fees for all currencies and increases in speed of deposits, withdrawals, and internal transactions.
Traders Note:
AABB stock is trading above the 20-Day and 50-Day Moving averages of $0.11 and $0.11 respectively. However, the stock is trading below 200-Day moving average of $0.15. The stock is up 5% in the past 3-month.
