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Today is a big day for listings, with OMNI Coin taking the spotlight. About an hour ago, Binance completed its listing. While the Bitcoin price fluctuates at frustratingly lower levels, investors need to build volume. Thus, new listings are becoming a lifeline for exchanges during these tough times.
Coinbase Altcoin Listing
According to a recent announcement, Coinbase will list OMNI Coin on the Ethereum network. The listing will carry an Experimental tag, used to denote assets with higher risk. Investors should be aware of the significant volatility risk when buying and selling this asset.
Even during bear markets, Coinbase, the largest crypto exchange by volume in the USA, has not slowed down since accelerating its listing processes at the end of 2021. The announcement by Coinbase stated the following;
“Coinbase will add support for Omni Network (OMNI) on the Ethereum network (ERC-20 token). Do not send this asset over other networks, or you may lose your money. Transfers for this asset are available in supported regions on Coinbase & CoinbaseExch.
Trading will start later today if liquidity conditions are met. Trading in our OMNI-USD pairs will be phased in once sufficient supply is secured. Support for Omni may be restricted in some jurisdictions.
The contract address for Omni Network (OMNI) on the Ethereum network (ERC-20 token) is 0x36E66fbBce51e4cD5bd3C62B637Eb411b18949D4.
Coinbase will add support for OMNI with an Experimental tag.”
