The Asia Broadband Inc (OTCMKTS:AABB) stock has declined by 5% this morning after the company made an announcement about the development milestones that it has managed to hit in relation to its proprietary crypto exchange. Asia Broadband has moved into the crypto space in a big way.
The company has been involved in the development of the its proprietary cryptocurrency exchange after having launched its own gold backed crypto token AABBG not too long ago.
Users of the exchange are going to be able to make fast two-way exchange of their AABBG tokens with some of the most popular cryptocurrencies in the market like Litecoin, Ethereum and Bitcoin. However, there are some additional positives for Asia Broadband as well. The exchange is expected to add to Asia Broadband’s revenues considerably by way of transaction fees. In addition to that, regular trading is also going to make it possible for the AABBG token price to go up.