Gibraltar Blockchain Exchange lists OmiseGO’s OMG token on GBX-DAX

The Gibraltar Blockchain Exchange (GBX) continues to add support for new tokens on its Digital Asset Exchange (GBX-DAX).

In its latest announcement, GBX said that it has added support for the OmiseGO (OMG) token on GBX-DAX. OMG will have trading pairs with USD, BTC, and ETH on the GBX-DAX.

“The OmiseGO team promotes the values of cross-chain interoperability, scalability, and security within the global blockchain ecosystem. With these principles in mind, I’m proud to add the OMG token to the GBX-DAX, and to help accelerate the growth of a platform building a payment gateway that facilitates transparent, peer-to-peer transactions in real-time,” Nick Cowan, Managing Director and Founder of the GSX (Gibraltar Stock Exchange) Group Limited said.

The OmiseGO network aims to facilitate financial inclusion and interoperability and offers a decentralized mechanism for the future of financial networks and decentralized economies. It allows for the building, scaling, and use of dApps on the OMG network, emphasizing the need for transparency and ease of access in a decentralised financial network.

OMG, an ERC-20 token, allows for transactions and exchanges to take place speedily, across different blockchains, as well as between multiple blockchains. It currently holds the 30th place in the list of cryptocurrencies in terms of market cap.

“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,” Cowan added.

Since obtaining a full DLT Licence from the Gibraltar Financial Services Commission (GFSC), the GBX-DAX became the first regulated and insured Digital Asset Exchange to be owned by a traditional stock exchange, the Gibraltar Stock Exchange (GSX).