Asia Broadband Inc. (OTCMKTS: AABB) is down 40% in a month. The company has announced the launch of a novel crypto exchange, its AABB Wallet. The launch is the first phase of the AABB exchange rollout as part of the required proper functioning, stability, and incorporation of different component modules.
Trading Data
On Friday, AABB stock moved up 4.68% to $0.1387 with more than 20.50 million shares, compared to its average volume of 47.43 million shares. The stock has moved within a range of $0.1250 – 0.1427 after opening trade at $0.13.
Latest News
Interestingly exchange users will now place sell and buy orders to complete cryptocurrency trades for the available trading pairs and familiarize themselves with the crypto exchange platform. The company management and development team are delighted to have attained this milestone of activating the exchange in the initial launch stage.
Available trading pairs include AABBG/USDT and SHIB/AABBG, with additional crypto pairs expected to be included progressively this month. Beyond the holiday season, the mobile applications and Desktop version of the exchange will continue rolling out. Before launching the mobile applications, AABBG tokens purchase via the convert functionality is possible. So investors should keep an eye on AABB in the coming weeks.
Technical Data
AABB stock is trading below the 20-Day and 50-Day Moving averages of $0.17 and $0.19 respectively. Moreover, the stock is trading below the 50-Day moving average of $0.16.
