Two prominent cryptocurrency exchanges have announced their support for a newly launched Ethereum-based altcoin project. Coinbase, a leading US crypto exchange, revealed through a statement on the social media platform X that it will be adding Omni Network (OMNI) to its trading platform. The goal of the Omni Network is to integrate Ethereum’s rollup ecosystem into a unified network. Trading for OMNI-USD pairs on Coinbase will commence later in April, subject to liquidity conditions being met. However, it is worth noting that OMNI has been labeled as an “experimental” asset by Coinbase, indicating that it is a riskier and less liquid token.

In a separate announcement, Binance, a top global crypto exchange, stated that it would be adding OMNI to its Binance Launchpool. The Launchpool allows users to stake coins in order to farm new assets, with the token set to be listed for spot trading on April 17th. Binance has placed a seed tag on OMNI, a designation applied to projects with lower liquidity that may exhibit higher volatility compared to other listed tokens. Users who own assets with seed tags are required to pass quizzes every 90 days to ensure they understand the associated risks before trading the tokens.

According to the developers of the OMNI project, it is an Ethereum-native interoperability protocol that facilitates fast communication between all Ethereum rollups. They claim that OMNI offers a secure, high-performance, 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, with its price fluctuating between a high of $53.81 and a low of $29.91.

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