In brief
Wow, @coinbase follows up and distributes OMG to users who didn't get credited for the airdrop in 2017. pic.twitter.com/auaFN2oZ8x
— Jordan Spence (@spencecoin) May 28, 2020
$117,834.00
5.93%$2,990.31
7.76%$2.82
15.61%$692.74
3.50%$166.78
6.33%$0.999816
-0.01%$0.205281
14.06%$0.298544
2.61%$2,985.22
7.65%$0.750524
19.84%$45.71
9.41%$117,497.00
5.70%$3,631.23
8.37%$3.55
10.18%$0.349774
20.36%$15.75
9.93%$531.24
5.36%$21.27
9.04%$0.203367
14.72%$8.96
-0.14%$3,203.92
7.73%$0.00001364
9.57%$2.99
4.23%$2,987.64
7.68%$96.84
6.54%$0.99978
-0.00%$46.68
0.25%$1.001
0.05%$4.05
11.40%$117,755.00
5.84%$324.76
0.39%$0.00001278
15.35%$4.56
2.96%$1.001
-0.06%$8.85
9.58%$310.76
5.35%$0.4954
3.18%$393.84
12.93%$5.02
9.07%$2.61
10.91%$0.102264
8.32%$1.18
0.02%$50.04
3.50%$5.53
6.87%$0.925864
9.72%$202.35
6.14%$18.71
6.46%$1.00
0.00%$0.091428
13.17%$1.059
-0.00%$0.350444
20.33%$1.00
0.06%$4.74
9.80%$0.02511953
11.88%$0.640641
5.63%$0.237123
14.38%$0.416203
15.42%$10.25
9.86%$3.85
14.13%$16.50
2.45%$0.227905
17.64%$0.748872
7.50%$4.46
0.49%$1.094
16.23%$0.337314
20.74%$0.00002346
5.14%$2,992.67
8.01%$2.65
8.14%$0.083942
3.35%$117,924.00
6.35%$116.56
4.40%$4.77
3.50%$177.48
6.78%$1.63
9.04%$0.50534
10.90%$0.999759
0.02%$0.998998
0.16%$11.37
1.34%$3,132.05
7.71%$3,406.10
7.73%$1.95
13.10%$0.999655
-0.10%$0.02163567
12.28%$1.32
15.04%$1.27
2.24%$12.96
18.25%$4.26
33.02%$0.691262
16.25%$0.01748349
7.64%$1.85
15.33%$0.073865
3.89%$0.765716
10.73%$0.363167
15.31%$0.753684
82.38%$3,191.49
7.61%$3,139.09
7.70%$117,546.00
6.10%$0.999964
-0.04%$1.033
5.34%$3,142.19
7.49%$1.001
0.12%$0.100301
10.76%$12.12
0.69%$0.00010049
9.13%$0.511359
12.52%$1.11
0.02%$117,481.00
5.92%$0.161202
6.72%$3,356.34
1.14%$693.17
3.69%$118,703.00
6.55%$0.651532
15.60%$0.999296
-0.05%$2.53
6.35%$0.553076
6.15%$3,227.94
7.98%$186.82
6.10%$217.56
6.10%$3,352.94
1.24%$0.820871
11.17%$0.01763512
13.84%$0.873724
12.26%$2.91
19.20%$0.193117
11.79%$22.41
10.18%$0.0151229
14.96%$0.296991
10.23%$111.75
0.01%$0.823374
13.12%$10.74
0.01%$0.0000018
40.40%$43.07
6.20%$2.01
7.18%$0.120187
12.91%$4.09
9.10%$0.998082
-0.05%$2,987.78
7.70%$45.69
9.36%$0.00000067
5.86%$0.25145
8.34%$3,191.99
7.65%$0.614236
8.68%$1.088
0.13%$3,159.54
7.39%$0.00938759
3.79%$117,118.00
5.91%$117,460.00
6.00%$0.385373
9.31%$2,988.95
7.75%$0.314643
10.20%$0.553229
16.90%$0.058956
17.70%$0.998082
0.05%$0.420198
5.20%$0.559947
9.76%$0.01655208
18.43%$117,916.00
6.03%$0.998792
0.03%$1.56
10.67%$0.152336
22.98%$1.72
5.66%$0.679325
7.30%$2.89
20.68%$26.78
7.02%$0.204566
13.75%$45.68
9.25%$0.510957
29.41%$2,987.95
7.70%$0.00507303
13.33%$0.999446
-0.05%$0.997597
-0.02%$0.008357
10.74%$0.095556
21.92%$0.629859
11.28%$0.223581
-0.56%$3,186.75
7.92%$0.430032
6.96%$1.22
11.22%$48.17
6.84%$0.999816
-0.01%$6.37
8.42%$7.84
2.39%$0.00000045
1.88%$15.67
9.64%$1.42
13.39%$0.061905
0.86%$1.00
0.01%$0.175397
11.51%$3,296.67
7.65%$0.05992
19.44%$0.360889
12.83%$6.50
12.84%$2.55
11.23%$0.00002114
7.96%$0.00453572
12.83%$0.29562
36.08%$1.094
0.04%$1.69
11.68%$0.156515
1.98%$117,353.00
6.18%$0.989427
-0.49%$0.04106571
8.33%$3,269.60
7.71%$0.551606
6.28%$1.00
-0.03%$2,992.48
7.85%$0.00728939
13.17%$0.378261
12.29%$2,987.48
7.60%$0.080069
15.90%$0.376759
11.22%$0.999618
-0.03%$1.24
7.30%$0.898796
17.13%$2,991.33
7.89%$0.03650574
3.64%$0.00006503
7.78%$182.08
6.18%$0.785772
12.65%$117,331.00
5.60%$0.536872
6.43%$0.01817872
3.16%$0.237307
14.29%$20.90
1.04%$1.24
7.52%$128.50
8.27%$3,621.15
7.79%$11.34
7.69%$0.999662
-0.03%$0.00379221
7.95%$0.32287
6.74%$0.00380234
8.29%$0.767321
5.72%$0.00459045
14.29%$0.999651
0.05%$1.001
0.10%$25.93
9.38%$0.999541
-0.01%$21.32
9.25%$0.671459
9.54%$0.03025486
10.37%$0.999162
-0.12%$117,796.00
5.97%$2,365.31
6.00%$6.92
8.31%$0.114846
10.73%$3,133.61
7.68%$0.00000142
5.61%Reading
Coinbase users who have stored Ethereum in their accounts over the past three years are about to get a nice surprise in the form of OMG.
OmiseGo—a decentralized application (dapp) for Ethereum—initiated an airdrop of its cryptocurrency OMG Coin in the summer of 2017. At the time, Coinbase did not support the currency, meaning all Ethereum holders that did business through the exchange were excluded.
Coinbase announced today that Coinbase Pro users will next week be able to make inbound transfers with OmiseGo’s OMG token—sending the price of the Ethereum token soaring by 25 percent. The announcement said that users of Coinbase Pro—the platform that caters to more experienced traders—can make OMG transfers from May 18. Once enough OMG has been established on the exchange, users will be able to buy and sell OMG with the US dollar and Bitcoin. On Monday, May 18, our OMG-USD and OMG-BTC order...
Beginning May 21, however, OMG became available to customers of the primary Coinbase platform, along with users of its iOS and Android apps. Coinbase says it will now provide OMG to all customers who have held Ethereum in their Coinbase accounts since the date of the original airdrop.
The news came to light on Twitter. Jordan Spence—chief marketing officer at mycrypto.com—posted a message that he had received from Coinbase explaining that since he held ETH at the time of OMG’s initial distribution, Coinbase would be gifting him with OMG Coin.
Wow, @coinbase follows up and distributes OMG to users who didn't get credited for the airdrop in 2017. pic.twitter.com/auaFN2oZ8x
— Jordan Spence (@spencecoin) May 28, 2020
“On July 7, 2017, OmiseGo airdropped its token to ETH holders. Because Coinbase did not support OMG at the time, we did not distribute this airdrop,” read a note from Coinbase to Spence. “Coinbase began supporting OMG on May 21, 2020. Because you had ETH on Coinbase at the time of the original airdrop, you are receiving OMG. No action is needed on your part. All eligible tokens have already been credited to your Coinbase account.”
Coinbase first provided OMG access to institutional traders on May 18 through Coinbase Pro, the professional division of the exchange. The move proved bullish for Ethereum, which saw its price increase by a whopping 25% following the news. Retail customers gained access to the asset roughly three days later.
Decrypt reached out to Coinbase for comment. At the time of this post, OMG was trading at $1.63, a drop of nearly 0.5% since early morning.
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