Kraken Cryptocurrency Exchange to Add Support for OmiseGo and PAX Gold

Published at: Oct. 28, 2019

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 collection, as well as collect transaction fees.

PAXG, an Ethereum ERC-20 token, its value is tied to the real-time market value of physical gold and is currently trading at $1,498.37, per data from CoinMarketCap. Each PAXG token is reportedly backed by one fine troy ounce of London Good Delivery gold stored in professional vault facilities in London.

According to data from Coin360, Kraken is the 12th largest cryptocurrency exchange by 24-hour trade volume, with a reported trade volume of $167.9 million over the last day. 

WebSockets private API is live

Earlier in October, Kraken announced that it made its WebSockets private Application Program Interface (API) available, adding that the first two messages of the private API had gone live to all of its clients after being in beta mode since the beginning of October. According to the exchange, the first two messages of the private API will list the client’s open orders and push updates when new orders are created. It will also list the last 50 trades, pushing updates when new trades execute.

Tags
Altcoin
Cryptocurrency Exchange
Cryptocurrencies
Kraken
Related Posts
Kraken Crypto Exchange to Add Support for BAT and WAVES
American cryptocurrency exchange Kraken is adding support for Basic Attention Token (BAT) and Waves (WAVES.) According to an announcement on Aug. 21, the exchange’s users will be able to deposit, withdraw and trade both assets starting Aug. 22. Kraken will roll out trading pairs between BAT and WAVES and Bitcoin (BTC) and Ether (ETH), as well as with fiat currencies such as the euro and the U.S. dollar. “The first trade executions will take a bit longer because sell orders cannot be placed until deposits are credited,” the post adds. BAT is an Ethereum-based token and the native token of …
Altcoin / Aug. 21, 2019
Kraken, One of Oldest Bitcoin Exchanges, Joins Silvergate Exchange Network
Kraken, one of the largest and oldest Bitcoin (BTC) exchanges in the world, has joined the Silvergate Exchange Network (SEN). By joining SEN, the United States-based cryptocurrency exchange enables its clients to deposit and withdraw U.S. dollars from Silvergate accounts with no fees, the firm announced Nov. 27. According to the announcement, the depositing process will be different based on whether Kraken users have a Silvergate account. If they have an account at Silvergate, Kraken users will simply have to enable SEN funding on their Kraken account before using the option. Those who do not have a Silvergate account will …
Altcoin / Nov. 28, 2019
Kraken to delist Monero for UK customers by the end of November
In an email quoted by Reddit users, Kraken, the world's eight largest cryptocurrency exchange by trading volume, announced it would be delisting privacy coin Monero (XMR) in compliance with regulations in the United Kingdom. The platform will cease all XMR trading activities, set XMR wallets to withdraw-only, and force-liquidate any existing XMR margin positions after the 26th of November. Through advanced cryptography, privacy coins like Monero obscure participants' public wallet addresses and payment amounts when their transactions appear on the blockchain, making it improbable, in the context of current technology, for forensic entities such as Chainalytics to digitally trace the …
Technology / Nov. 19, 2021
Kraken exchange defies competitors’ regulatory concerns with SHIB listing
United States-based digital asset exchange Kraken has announced it will begin supporting the viral meme coin Shiba Inu (SHIB) as of Nov. 30. There will be a minimum deposit of 373,000 SHIB ($16 USD), and the minimum trading volume is 50,000 SHIB ($2 USD). SHIB will initially be tradeable against the USD and Euro pairs, however, Kraken Futures and Margin Trading for SHIB won’t be available at launch. New Listing on Kraken: @Shibtoken $SHIB deposits begin NOW! Trading is live November 30. ➡️ Learn more: https://t.co/yUUKaBXKBq pic.twitter.com/L2IUHugyG0 — Kraken Exchange (@krakenfx) November 29, 2021 Australian managing director at Kraken Jonathon …
United States / Nov. 30, 2021
Crypto recruitment execs reveal the safest jobs amid layoff season
Despite a wave of heavy crypto layoffs to start the new year, employees in technical and engineering roles, as well as senior management, will likely continue to see “strong demand” for their skills, recruitment professionals believe. It’s been a tough first few weeks of 2023 for crypto businesses and their staff. Within just two weeks, the market has already seen more than 1,600 crypto-related job cuts as a result of continued market volatility and uncertainty. However, not all departments have seen the same level of cuts. SAFU: Senior-level tech and engineering Rob Paone, founder and CEO of crypto recruitment firm …
Blockchain / Jan. 18, 2023