On Tuesday, May 19, OMG began trading on Coinbase Pro.
On Monday, May 18, we began accepting inbound transfers of OMG to Coinbase Pro. Trading began at 9AM Pacific Time (PT) the next day.
Once sufficient supply of OMG was established on the platform, trading on our OMG-USD and OMG-BTC order books began, beginning with post-only mode and proceeding to full trading should our metrics for a healthy market be met. Additional books including OMG-EUR and OMG-GBP may also be supported as soon as 7am PT on Wednesday, May 20. OMG will be immediately available in all Coinbase’s supported jurisdictions, with the exception of New York State.
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 platform’s goal is to facilitate moving funds between payment systems (such as ACH, Visa, or PayPal) and decentralized blockchains like Ethereum. This allows for better banking and financial services for everyone, including people in developing countries who don’t have access to traditional banking services.
Please note that OMG is not yet available on Coinbase.com or via our Consumer mobile apps. We will make a separate announcement if and when this support is added.
The Stages of the OMG Launch
There will be four stages to the launch as outlined below. We will follow each of these stages independently for each new order book. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.
We will publish tweets from our Coinbase Pro Twitter account as each order book moves through the following phases:Transfer-only. Starting on Monday, May 18, customers will be able to transfer OMG into their Coinbase Pro account. Customers will not yet b...