GBX, or Gibraltar Blockchain Exchange, has been consistently working to include support for new cryptocurrency tokens on GBX-DAX, its platform for Digital Asset Exchange. The latest entrant on the platform is the OmiseGO token (OMG), as per the official reports published on 27 February. The platform will have OMG tokens being traded in pairs with ETH, BTC, and USD.
The founder and managing director of the Gibraltar Stock Exchange (GSX) Group Limited, Nick Cowan, stated in his official statement that the OmiseGO team nurtures the sought-after values of scalability, safety, and interoperability.
He further stated that they are proud to support the tokens of OmiseGO on their GBX-DAX policy, seeing the values shadowed by OMG. The founder went on to say that this phase will aid in meaningfully improving the platform’s development, which is making reimbursement entries focused on real-time, scalable, and transparent transactions.
The OMG system is not only unwavering in its endorsement of interoperability and monetary participation but also distillates on providing an apparatus that is dispersed for future decentralized frugality and monetary systems.
To achieve this, it has allowed the creation and increase coupled with even operation of the decentralized applications on its OMG system, stressing the decentralized monetary scheme’s obligation of ease of convenience and flexibility.
OmiseGO token is proficient at easing quick exchanges and dealings as it is a documented ERC-20 token that works impeccably across a diversity of blockchains. It also provides quick dealings among many blockchains.
OMG has been fortified to the 30th position in the present list, especially when we talk about the market capitalization pieces of information of digital amounts of money.
Cowan was quoted saying in his statement,
“As the seventh token to be listed on the GBX-DAX since the turn of the year, the addition of the OMG token represents the continuation of the strong upward trajectory we are experiencing.”
The GBX-DAX has positively reached the Gibraltar Financial Services or GFSC’s Commission’s full DLT License. Meanwhile, then, it has developed the initial exchange that is assured, regulated, and detained by GSX, a conservative stock exchange.
About OmiseGO
Created on the Ethereum platform, OmiseGO’s motto is to develop as a foremost peer-to-peer cryptocurrency exchange platform. OmiseGO is not only about altcoin; it is more than that. It’s created to be monetary policy, with the determination of disorderly present monetary practices and institutions. It’s all created on top of Ethereum, one of the most prevalent decentralized app platforms on the market at present.