RATE Group | Kraken Cryptocurrency Exchange to Add Support for OmiseGo and PAX Gold
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Kraken Cryptocurrency Exchange to Add Support for OmiseGo and PAX Gold

28 Oct Kraken Cryptocurrency Exchange to Add Support for OmiseGo and PAX Gold

Posted at 21:36h in Cryptocurrency News by

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San Francisco-based cryptocurrency exchange Kraken is listing OmiseGO (OMG) and PAX Gold (PAXG) tokens.

According to a blog post on Oct. 28, the exchange’s users will be able to deposit, withdraw and trade both assets starting Oct. 29. Kraken will roll out trading pairs between OMG and PAXG and Bitcoin (BTC) and Ether (ETH), as well as with fiat currencies such as the euro and the U.S. dollar. 

OmiseGO is a finance-oriented scaling network for Ethereum and is powered by the Ethereum-based OMG token. At press time, OMG has a market capitalization of around $150 million and is trading at about $1.06 — up 8.05% on the day, according to data from Coin360.

Earlier this month, OmiseGo became a member of Universal Protocol Alliance, a coalition of blockchain and cryptocurrency-focused firms, to incorporate the Universal Protocol Platform UPT utility token into its payment processing technology. OmiseGo intends to let stakeholders use UP stablecoins for financial services and tax…

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