Two prominent cryptocurrency exchanges have announced their support for a recently launched Ethereum-based altcoin project. Coinbase, a leading US exchange, revealed via the social media platform X that it will be adding Omni Network (OMNI) to its trading platform. The Omni Network aims to integrate Ethereum’s rollup ecosystem into a unified network. Coinbase stated that trading will commence on April 17th if liquidity conditions are met, with OMNI-USD trading pairs being launched gradually once there is a sufficient supply of the asset.

Binance, a top global exchange, had previously announced that it would be adding OMNI to Binance Launchpool. This platform allows users to stake coins in order to farm new assets, with the token scheduled for spot trading on April 17th. Binance has assigned a seed tag to OMNI, which is used for lower-liquidity projects that may display higher volatility compared to other listed tokens. Users who hold assets with seed tags must pass quizzes every 90 days to ensure they understand the associated risks before trading the tokens.

The developers of the OMNI project describe it as an Ethereum-native interoperability protocol that facilitates fast communication between all Ethereum rollups. They claim that OMNI offers a secure, high-performing, and globally compatible architecture, presenting Ethereum as a unified operating system for both users and developers.

At the time of writing, OMNI is trading at $31.15, having fluctuated between a high of $53.81 and a low of $29.91.

To stay updated, readers can subscribe to receive email alerts from The Daily Hodl and can also follow the publication on Twitter, Facebook, and Telegram.

Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors are advised to conduct their own research before making high-risk investments in Bitcoin, cryptocurrency, or digital assets. It is important to be aware that transfers and trades are carried out at one’s own risk, and any losses incurred are the responsibility of the individual. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it provide investment advice. It should be noted that The Daily Hodl engages in affiliate marketing.