Coinbase Also Joined the Listing Band, But That Altcoin Crashed!

The cryptocurrency market is having a hard time moving forward as it prepares for the Bitcoin halving event. However, the leading cryptocurrencies continue their struggles. We also witness interesting events in this atmosphere. Under normal circumstances, the prices of tokens listed on major cryptocurrency exchanges make a big jump. However, a token that recently entered the Coinbase list saw a sharp decline.

Coinbase also lists OMNI, but the altcoin price crashed!

cryptokoin.comAs you follow from , Omni Network (OMNI) received the good news of successive lists today. It managed to enter the lists of 8 different crypto exchanges on the same day. These include leading exchanges such as Binance, KuCoin, BitMart. Finally, Coinbase, the largest crypto exchange in the USA, also joined this caravan. Coinbasse announced that it will add OMNI to its list with the ‘experimental’ label. The stock exchange stated that trading will begin today when liquidity conditions are met. In this context, Coinbase

Coinbase will add support for Omni Network (OMNI) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on Coinbase and CoinbaseExch in regions where trading is supported.

Coinbase noted that it will gradually begin trading in the OMNI-USD transaction parity once sufficient supply of this asset is provided. Meanwhile, Coinbase stated that it will apply an ‘Experimental’ label for OMNI. Meanwhile, OMNI has continued on a downward trajectory, unlike altcoins that soared on listing news. Despite receiving listing news from many exchanges today, the token suffered deep losses. At the time of the news of the listing, Coinbase was trading with a loss of over 23%. Most likely, the negative atmosphere in the market plays a role in this.

OMNI daily price chart. Source: Coinmarketcap

Bitget hosts OMNI1: Strengthening digital collaboration

Another exchange that added Omni Network (OMNI) to its list was Bitget. Bitget, a leading crypto exchange, also announced the addition of OMNI1 to its list today.

A brief look at Omni Network (OMNI)

At a time characterized by concerns about government overreach and corporate surveillance, OMNI1 represents a commitment to protecting individual freedoms. The token was developed by Harvard graduates. Additionally, an experienced team from reputable organizations contributed, including the Ethereum Foundation. Omni Network, the group behind OMNI1, aims to transform the digital collaboration framework.

Omni Network serves as a unified platform for Ethereum rollups, allowing developers to launch globally native applications that transcend traditional borders. This innovative approach fosters a decentralized ecosystem where creativity and innovation can flourish unimpeded.

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