KEY TAKEAWAYS
- Kraken has listed OMNI, the native token of the Omni Network, for trading against USD and EUR.
- OMNI enhances Ethereum rollup interoperability, serving as a payment and staking token within the network.
- Trading is restricted in regions like Germany, the US, Canada, and the Netherlands.
- Kraken advises users to deposit tokens only through supported networks to avoid fund loss.
Kraken has announced that OMNI, the native token of the Omni Network, is now available for trading on its platform. Trading for OMNI went live at 14:30 PM UTC on December 4, 2024. This development was announced by Kraken, highlighting the addition of the token to its extensive list of tradeable assets.
Users interested in trading OMNI can do so against USD and EUR pairs. The trading parameters include a price decimal precision of 0.001, a minimum order size of 0.05, and a minimum deposit requirement of 0.05. However, it is important to note that OMNI is not available for trading in certain regions, including Germany, the United States, Canada, and the Netherlands.
Understanding OMNI and Its Role in the Crypto Ecosystem
The Omni Network is a protocol designed to enhance the interoperability of rollups within the Ethereum ecosystem. It provides a secure and globally compatible layer that allows developers to create applications accessible across various platforms. The OMNI token serves multiple purposes, including paying for cross-rollup activities and staking to contribute to the network’s security.
Kraken has advised users to ensure that they deposit their tokens into networks supported by the exchange. Deposits made using unsupported networks may result in the loss of funds. Additionally, trading via the Kraken App and Instant Buy will become available once liquidity conditions are met, ensuring efficient order matching.
Future Asset Listings on Kraken
Kraken has a policy of not disclosing details about future asset listings until shortly before their launch. The exchange encourages users to stay updated through its Listings Roadmap and social media profiles for announcements regarding new tokens. Kraken’s client engagement specialists are unable to provide information on potential future listings.
Explore More News:
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
