Binance and Coinbase now support a new Ethereum altcoin project centered on Rollup technology

Subheading: Two Top Crypto Exchanges Add Support for New Ethereum-Based Altcoin Project

In a significant development for the cryptocurrency world, two leading exchanges, Coinbase and Binance, have announced their support for the newly launched Ethereum-based altcoin project, Omni Network (OMNI).

Coinbase Adds OMNI to Trading Platform

Coinbase, one of the top crypto exchanges in the US, revealed on social media platform X that it will be adding OMNI to its trading platform. The Omni Network aims to integrate Ethereum’s rollup ecosystem into a unified network, providing users with a seamless experience.

Trading for OMNI on Coinbase is set to begin on April 17th, pending liquidity conditions. The altcoin will be labeled as “experimental” by Coinbase, indicating its higher risk and lower liquidity compared to other tokens on the platform.

Binance Launchpool to Support OMNI

On the global front, Binance has also announced its support for OMNI by adding it to Binance Launchpool. Users will have the opportunity to stake coins and farm new assets before OMNI is listed for spot trading on April 17th. Binance will attach a seed tag to OMNI, requiring users to pass quizzes every 90 days to ensure they understand the risks associated with trading the token.

OMNI Project Developers Share Vision

The developers behind the OMNI project have highlighted the interoperability protocol’s benefits, emphasizing its low latency communications between Ethereum rollups. OMNI aims to provide a secure, performant, and globally compatible architecture, presenting Ethereum as a unified operating system for users and developers.

OMNI Price Fluctuations

At the time of writing, OMNI is trading at $31.15, with price fluctuations between a high of $53.81 and a low of $29.91. Investors and traders are advised to stay informed about price action and market developments.

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Disclaimer: The opinions expressed in this article are not investment advice. Investors should conduct their own research before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. All transfers and trades are at the individual’s own risk, and any losses incurred are their responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets and is not an investment advisor. Please be aware that The Daily Hodl participates in affiliate marketing.

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