Why do I have OMG Network in Coinbase?

The OMG Network (formerly OmiseGO) is a value transfer network for Ethereum and any ERC-20 token. It describes itself as the first production-grade layer-2 Ethereum scaling solution and aims to let people move money and a variety of digital values on the blockchain faster, cheaper, and without compromising on security .

OMG Tokens can be purchased on Coinbase .

San Francisco-based cryptocurrency exchange Coinbase began supporting trading with OmiseGo (OMG) on May 21, 2020 . The OMG token price surged 200% in only 15 minutes after the listing, however, it then crashed immediately.