Coinbase Now Lists Ethereum-Based OmiseGo on Its Platform

Coinbase, one of the more popular US-based cryptocurrency exchanges, is now supporting OmiseGO (OMG) on its platform, according to a blog post from the company.
The asset is now available on the iOS and Android mobile applications, and users can buy, sell, trade, or simply store their OMG on the platform for now. It should be available everywhere except in the state of New York, likely due to the space’s BitLicense requirement.
“OmiseGo (OMG) is an Ethereum token that powers the OmiseGo smart contract platform, which allows for businesses and individuals more financial freedom through financial services and investments,” the post notes.
Essentially, the platform hopes to improve on Ethereum’s decentralized finance platform, offering banking and storage solutions for those in countries who don’t have them.
On top of this, Coinbase will be honoring OmiseGo’s airdrop from 2017:
“If you held an ETH balance greater than 0.1 on Coinbase on July 7, 2017 at 4:36 PM UTC, you’ll receive OMG from Coinbase. The amount of OMG you’ll receive depends on how much ETH you had in your account at the time stated above.”
Recently, as InsideBitcoins has previously reported on, Coinbase has started a work from home policy due to the coronavirus situation, as many companies have.
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Author: Max Moeller

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