Singapore-based ABCC Exchange announced today that a consortium of investors, led by its co-founder Calvin Cheng, and Singaporean investor Eric Cheng, has acquired a controlling majority stake in the company.
Following the acquisition, ABCC will continue building its presence in Europe and South East Asia, its two primary markets. From its headquarters in Singapore, it will focus on listing high-quality projects that adhere to the regulatory environments it operates in.
Mr. Eric Cheng said, ABCC is well-established in the west, particularly in Europe and is one of the top 10 exchanges in the world by volume. Backed by my strategic alliances within the crypto industry together with detailed plans to scale ABCC, I strongly believe that we will be able to accelerate ABCC's growth into a world-leading platform."
For more information, please read the press release below: