US Based Crypto Exchange, Kraken, Rolls Out Omisego (OMG) and Pax Gold (PAXG) Trading
Kraken, the World’s 12th largest Crypto Exchange, as per Coin360 states, recently added Ethereum based tokens, Omisego and Pax Gold, to its ecosystem. Its clients will now be able to transact the two tokens against fiat currencies like the Dollar and Euro in addition to Bitcoin and Ether crypto coins.
The coin exchange whose headquarters is in San Francisco listed OMG and PAXG officially from the 29th of October. These new listings will contribute to Kraken’s daily traded volumes that are almost $170 million within 24 hours. Earlier in August, the firm’s OTC head and former Wall Street Guru, Nelson Minier, noted that Wyoming’s crypto regulation is set to favor the growth of Kraken’s business.
Omisego and Pax Gold Ethereum Built Tokens
Both OMG and PAXG are Ethereum built tokens and have gained traction in different crypto markets over time. Omisego was developed as a solution that can accommodate future challenges that may face finance related functions powered by the OMG token within Ethereum’s ecosystem. This crypto coin currently ranked 42nd in market cap and has a value of $1.02 according to Coinmarketcap.
Pax Gold on the other hand is an ERC-20 token built with an intention to peg its value on to the real value of Gold at any time. The crypto coin is however yet to attract a large clientele base and currently trades at over $1,500 for one PAXG token.
Omisego’s Universal Protocol Alliance Move!
Bitcoin Exchange Guide reported at the beginning of October that Omisego had joined other players within blockchain and crypto under the UP umbrella. As a result, the blockchain payment processor now allows the UPT token to operate within its ecosystem. In addition, the OMG has partnered with Algoz network as a solution to its liquidity needs.