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SOS once rose 14% on taking steps to establish a digital asset exchange

Tiger Newspress2021-03-24

The shares of SOS Limited was once up 14% to $7.42 in Wednesday morning trading after announceing today that it has taken preliminary steps to establish a digital asset exchange.Now the rise eased to 4%

SOS Limited (NYSE: SOS) announced today that it has taken preliminary steps to establish a digital asset exchange.  Specifically, the Company entered into a tailor-made license to use a blockchain asset exchange software system made by a third party in exchange for aone-time licensing fee.

Once the software is installed and operational, the Company expects to establish a digital asset exchange.  The Company also intends to offer security and insurance services for digital assets.  The Company's Chairman and Chief Executive Officer, Yandai Wang, commented "This is a key step in our blockchain and cryptocurrency strategy.  The digital asset exchange is an important part of our goal to provide blockchain services, digital asset security services and Decentralized Finance (DeFi) services."

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment26

  • Jassss
    ·2021-03-26
    Buy the dip
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  • Juucee1813
    ·2021-03-25
    Woohoo
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  • justusdk
    ·2021-03-25
    like and comment
    Reply
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  • Jack in the Stock
    ·2021-03-25
    Wanted to buy this buy never did. [害羞] 
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  • AppleMango
    ·2021-03-25
    Is this time to buy ? When? Pls response
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    • Jassss
      Dyodd
      2021-03-26
      Reply
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  • AhLee
    ·2021-03-25
    Sweet 
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  • reeve
    ·2021-03-25
    Nice
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    • reeve
      Have a nice day
      2021-03-26
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    • Jassss
      Ok
      2021-03-26
      Reply
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    • reeve
      Still waiting to buy back ?
      2021-03-25
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  • ND80
    ·2021-03-25
    Pls help to like my comment... ?
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    • Jassss
      Done
      2021-03-26
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  • PYGoh
    ·2021-03-25
    Holding....
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  • huat168
    ·2021-03-25
    Anyone know what is the supporting price?[捂臉] 
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  • xuanlin
    ·2021-03-25
    Please reply
    Reply
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    • xuanlin
      Done
      2021-03-29
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    • yung
      reply and like also
      2021-03-25
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  • When complete to install digital exchange?
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  • RolyPoly
    ·2021-03-24
    $SOS$We just wait and see!
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  • Mujinn
    ·2021-03-24
    Oh well
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  • Luke19
    ·2021-03-24
    Holding on
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  • Keychain
    ·2021-03-24
    Pls help to comments thanks 
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    • jastsm
      Here goes
      2021-03-24
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  • jeff123
    ·2021-03-24
    How come it fell back down?
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    • Jeremyyeojc
      it will fly soon
      2021-03-25
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  • ZaineJJ
    ·2021-03-24
    Like and comment 
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    • Cindy5
      nice
      2021-03-24
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    • Alex5Low
      nice
      2021-03-24
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  • YenChing
    ·2021-03-24
    Like and comment 
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    • ZaineJJ
      Like comMent
      2021-03-24
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  • Rayc
    ·2021-03-24
    合法嗎?這個交易所
    Reply
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