“Two Leading Crypto Exchanges Add Support for Ethereum-Based Altcoin Project OMNI”
Two leading crypto exchanges, Coinbase and Binance, are making waves in the cryptocurrency world by adding support for a newly launched Ethereum-based altcoin project called Omni Network (OMNI).
Coinbase announced via social media that it will be adding OMNI to its trading platform, with trading set to begin on April 17th pending liquidity conditions. The altcoin will be labeled as “experimental” due to its riskier and lower liquidity nature. On the other hand, Binance has added OMNI to its Launchpool, allowing users to stake coins to farm new assets before spot trading begins on the same date.
The OMNI Network aims to integrate Ethereum’s rollup ecosystem into a single, unified network, providing low latency communications between all Ethereum rollups. This will offer a secure, performant, and globally compatible architecture, presenting Ethereum as a single, unified operating system to users and developers.
At the time of writing, OMNI is trading for $31.15, with fluctuations between a high of $53.81 and a low of $29.91. Both exchanges are taking precautions with OMNI due to its lower liquidity, with Coinbase applying an “experimental label” and Binance attaching a seed tag, requiring users to pass quizzes every 90 days to ensure they understand the risks involved.
Overall, the addition of OMNI to these two major exchanges is a significant development in the crypto world, showcasing the growing interest and support for Ethereum-based projects. Investors are advised to do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets.
