Asia Broadband (AABB) Stock Corrects From The Peak: Here is Why

In recent times many companies have decided to get into the cryptocurrency space in a big way and one of those is Asia Broadband Inc (OTCMKTS:AABB). After having had a pretty tough week, the company’s stock managed to make a recovery and went up by 10% on Friday.

Asia Broadband (AABB) Stock Corrects From The Peak: Here is Why

However, it should be noted that the Asia Broadband stock still ended the week 25% in the red. Earlier in the week, the company had announced that it had significant progress with regards to the development of its own cryptocurrency exchange.

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It goes without saying that it is a significant development for the company and could further help Asia Broadband in building its crypto ecosystem quickly. The announcement from the company came not long after it had launched its own gold backed crypto token AABBG. Investors could consider keeping an eye out for fresh announcements from the company regarding its crypto exchange.

Jack Dawkins

Finance and Tech Contributor