AlgoZ Adds OmiseGo (OMG) to Its Network to Provide Liquidity and Market Making Solutions

AlgoZ partners with OmiseGo to provide cryptocurrency trading solutions. AlgoZ, a cryptocurrency trading solution, adds OmiseGo (OMG) to its wide network of digital assets. The partnership tasks AlgoZ with providing market making and liquidity services to enhance trading of the OMG token across exchanges.

AlgoZ was founded in 2016 by Fingenom, a fintech company, to provide trading solutions to digital asset traders. The platform offers users over-the-counter (OTC) trading, market making services and liquidity solutions for cryptocurrencies.

The partnership with OMG is set to increase the trading volume of the token across multiple exchanges including Huobi.

AlgoZ is gradually extending its roots in the cryptocurrency industry after partnerships with Cardan and Electroneum earlier in the year. The platform’s co-founder, Tal Teperberg, hopes the partnership with OmiseGo, will allow the two companies to foster “a future-ready infrastructure intended to accommodate digital currency payments”. He said:

“AlgoZ is proud to partner with OmiseGo and join its network […] We see it [the partnership] as a benchmark for AlgoZ to provide our innovative liquidity solutions to projects like OmiseGo, who’s vision for blockchain technology and digital assets aligns with ours.”

OmiseGo in a nutshell

OmiseGo, a Thailand based cryptocurrency, offering users a secure and distributed payment system to send and receive fiat or digital currencies peer to peer (P2P). The network leverages the Plasma architecture, a scalable platform to enhance financial transactions across its blockchain.

OMG is currently trading at $1.20 USD, a slight 0.36% drop in the past 24 hours, with a total market capitalization of $167,878,432 USD. The token places 39th on the Coinmarketcap listings.

OmiseGo (OMG) year to date chart (Source: Coinmarketcap)