Binance and Coinbase Add Support for New Ethereum Altcoin Project Focused on Rollup Tech

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Two leading crypto exchanges are adding support for a newly launched Ethereum (ETH)-based altcoin project.

In an announcement via the social media platform X, top US crypto exchange Coinbase says it’s adding Omni Network (OMNI) to its trading platform.

The Omni Network aims to integrate Ethereum’s rollup ecosystem into a single, unified network.

Says Coinbase,

“Trading will begin later [April 17th] if liquidity conditions are met. Once sufficient supply of this asset is established trading on our OMNI-USD trading pairs will launch in phases.”

The altcoin comes with Coinbase’s “experimental label,” a designation the exchange established for riskier, lower liquidity tokens.

Meanwhile, top global crypto exchange Binance previously announced it was adding OMNI to Binance Launchpool, which lets users stake coins to farm new assets, ahead of listing the token for spot trading on April 17th.

Binance is attaching a seed tag to OMNI, which the exchange applies to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens. Binance requires users who own assets with seed tags to pass quizzes every 90 days to ensure they’re aware of the risks before trading the tokens.

Says OMNI project developers,

“Omni is an Ethereum-native interoperability protocol that establishes low latency communications between all Ethereum rollups. Omni offers a secure, performant, and globally compatible architecture that presents Ethereum as a single, unified operating system to both users and developers.”

OMNI is trading for $31.15 at time of writing, after fluctuating between a high of $53.81 and a low of $29.91.


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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