Market Today

London Block Exchange [LBX] adds OmiseGo trading pair with Pound
Editorial Team

London Block Exchange [LXB] made the surprise by being the only exchange in London that provides Great British Pound [GBP] trading pair. Now, the exchange adds OmiseGo [OMG] in an attempt to enrich its trading options.

On May 14, the exchange announced the addition of OmiseGo token to its token list becoming the only exchange platform in the UK that offers OMG/GBP pair along with OMG/BTC and OMG/ETH. OmiseGo is an ERC 20 token that works on the Ethereum network. The coin is owned by Omise, which is an Asian enterprise that works on payments services.

UK’s Financial Conduct Authority [FC A] approved the operation of LBX and this is registered as an Electronic Money Services Directive [EMD]. These two authorities are cryptocurrency regulatory bodies in Europe. LBX is founded in 2017 in London in order to provide services in the field of cryptocurrency, Blockchain tech, and trade exchange.

Both institutional and consumers’ trading are offered and safeguarded by the company. It also provides space for users to access educational materials related to Blockchain. Their aim is to provide further details regardi9ng wallets, authentication, and regulations that those of a blog.

Benjamin Dives, CEO of London Block Exchange says:

“By the end of the week, LBX will have eleven tokens to offer through its app. The 5 coin offering is unique and is exciting prospects as well as reputable backing, and we’ll be educating our customers about their offerings throughout College of Crypto so they can make informed choices.”

He also declared that the intention of the company is to add more coins giving customers as much choice as possible.

A Redditor says:

“Why in the world would anyone chose dollars over pounds. There is a reason why it’s prevalent and it is not like the sun never sets for Britain anymore.”

Another Redditor responds:

“The idea of GBP is to focus the market towards the European countries and their accessibility. I’m proud of the listing for pound. I’ll actually use this platform for the future. You mates should too.”

A Twitterati says:

“OMG is not all that great. It is a joke as I see daily so many new exchanges and tokens. Can’t we have only a few? Makes it simpler and the economy will anyway grow.”