The Gibraltar Blockchain Exchange (GBX) has announced the addition of the OmiseGo (OMG) token to its Digital Asset Exchange (GBX-DAX).
Nick Cowan, managing director and founder of the GSX (Gibraltar Stock Exchange) Group said, "The OmiseGO [OMG] team promote 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."
OmiseGO, a network that aims to facilitate financial inclusion and interoperability, and offer 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, emphasising 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.
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). Users of the GBX-DAX have access to a growing catalogue of high profile digital assets and have the opportunity to participate in the token economy in an environment built upon the good governance and best practices brought over from the EU-regulated GSX.
"Today, I'm pleased to present the OMG token to our growing community of traders within the GBX ecosystem, further demonstrating our focus on providing real choice to users on the GBX-DAX. 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," concluded Cowan.