Algoz on Tuesday announced that it has partnered with crypto company OmiseGo to provide market-making and liquidity services for the trading of OMG token.
Commenting on the partnership, Tal Teperberg, co-founder of Algoz, said: “Algoz is proud to partner with OmiseGO and join its network, dedicated to fostering a future-ready infrastructure intended to accommodate digital currency payments. We see it 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.”
Easing trades with adequate liquidity
Founded in 2011, Fingenom was established as an infrastructure provider for trading algorithms in the capital market. With the boom in the crypto market, the fintech firm extended its reach towards the digital asset industry in 2016 by setting up Algoz to provide various financial solutions such as market making, brokerage, and over-the-counter (OTC) services.
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Now, it is one of the major names in the crypto industry known for providing liquidity to digital asset companies. Earlier this year, Algoz partnered with Cardano Foundation for providing liquidity and trading solutions for the ADA token. It also provides similar services to Electronium for its token listing on Huobi exchange.
OmiseGo is a blockchain which runs on the more-scalable Plasma architecture. The company aims to offer secure financial services via its permissionless OmiseGo Network, which enables instant, peer-to-peer transactions in real-time.
Headquartered in Bangkok, the company also offers an eWallet Suite which allows users to build and integrate a front-end interface for different types of digital transactions
With more than $168 million in market capitalization, OMG token is ranked 39th on the crypto market, according to Coinmarketcap.com. The token is listed on almost all the major exchanges and in the last 24 hours, more than $41 million worth OMG changed hands.