OmiseGO (OMG) and PAX Gold (PAXG) Go Live on Kraken

OmiseGO (OMG) and PAX Gold (PAXG) Go Live on Kraken

Kraken has announced two new listings on their platform, OmiseGO (OMG) and PAX Gold (PAXG) both of which go live today.

As we go into November, Kraken are staying true to their form over the last couple of months with yet more listings, following SIA earlier this month, after LINK, DAI, and ICX went live in September This is with the latest addition of these two latest tokens that have interesting concepts, past and perks for those who choose to invest in them. Let’s take a look at these latest additions to the Kraken trading platform, which will go live later today at 13:30 UTC (October 29th, 2019).

OmiseGO (OMG)

OmiseGo has certainly won the acronym lottery with their memorable “OMG” titled token. However, this is not the only element of OmiseGo that make them memorable to the general public and traders alike.

Launching in 2013, OmiseGo has carved out a multi-faceted financial service, that can help users, trade and store both crypto and fiat currencies, with a target market focused on the Asian market, one that after the events of the weekend certainly looks like a massively viable one at this moment in time.

The DEX and banking platform utilises what is known as “Plasma child-chain technology”, this software enables 4,000 transactions per second, which has the knock-on effect of providing fees that are 90% lower than those which you would incur on Ethereum. Furthermore, there is also an OmiseGo wallet. This can be used to digitise and store multiple assets, while also working as a node on the network and so it can also verify transactions.

The OMG token from OmiseoGo that will become available to trade on Kraken launched in 2017 via an ICO and raised a whopping $25,000,000. Several months later it had reached its all-time high of $28.35, currently, they sit at a much lower value of $0.81 each, with a market cap of $113,014,723, at the time of writing. Users interested can benefit from trading pairs OMG/USD, OMG/EUR, OMG/XBT, OMG/ETH on Kraken.


PAX Gold is a lot different in terms of business model with a larger reliance on real-world assets, namely Gold, but relies on new-age technology. In a nutshell, they provide users “ownership of specific gold bars with the speed and mobility of a digital asset”.

Since 2012, they have offered users the perks of owning gold but removing the negatives elements involved with precious metal purchases that concerned storage or transport. Alongside these perks, it also provides protection from crypto volatility as it works in the same way as stablecoins do. With one token pegged to fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar. These are stored in PAX Gold’s own storage unit. The PAXG tokens themselves though are Ethereum ERC-20 tokens. 

As you can imagine, the PAXG tokens are worth a lot as they reflect the price of gold and fluctuation is a lot lower. This is demonstrated by their all-time high of $1,559.06, which came just 4 days after the all-time low of $1,453.33, earlier this month on October 2nd, 2019.

Their current value is around $1,517.94, and there is 2,410 PAXG currently in circulation, a number that fluctuates based on the number of tokens that are in demand. Traders looking to get involved can do via trading pairs PAXG: PAXG/USD, PAXG/EUR, PAXG/XBT, PAXG/ETH

Both of these tokens are available on Kraken, Kraken Pro and OTC and will come available to traders in just a few hours. Head over to Kraken now to in order to be ready for when they go live.

Ready to join our tribe?

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News


Cryptocurrency Market Cap Jumps Past $2 Trillion

Cryptocurrencies continue to make headline news around the world as the total market cap surpassed $2 trillion on Monday. Supported by increased interest from institutional investors, celebrities, and retail investors, digital coins are now worth more than Apple Inc. Bitcoin has, once again, played a major role in the sector’s market cap. The world’s first […]

6 April, 2021
Digital Currency,Ethereum,Stablecoin

VISA Set To Support Cryptocurrency Settlements

The global payments corporation, VISA, announced on Monday that it is making preparations to allow USD Coin (USDC) to settle transactions within its network. This move is being viewed by industry analysts as yet another clear sign that cryptocurrencies are being accepted by major institutions within the traditional financial industry. USDC was selected by VISA […]

30 March, 2021

CasinoFair Temporarily Shuts Down Amid Network Congestion

The popular cryptocurrency casino, CasinoFair, has announced in a recent blog post that it will be temporarily stopping its gaming services. Citing unsustainable congestion on the Ethereum network as the main reason for this pause, the casino reassured its players that it is “actively researching solutions and hope to be back with a new range […]

26 March, 2021

Significant Bitcoin Drops As Coinbase Announces IPO

The cryptocurrency market is back in turmoil following yet another volatile week where Bitcoin almost reached a record-breaking value of $60,000. Bitcoin drops are nothing new, but the recent 25% decrease has caused panic amongst even traders with an experience of major currency fluctuations. The latest drop comes as Coinbase, one of the world’s largest […]

1 March, 2021

Trezor Warns Users About Fake Mobile App

Trezor is warning users of a malicious mobile application featured on Google Play which appears to be associated with the wallet provider. At least 1,000 users have already downloaded this software, and it is likely that some have unwittingly provided their seed phrase to unlock their funds. Both Trezor and SatoshiLabs have confirmed the existence […]

26 January, 2021

eToro Temporarily Raises Minimum Deposit To $1,000

For the past few weeks, the increase in Bitcoin’s price has led to a massive interest in cryptocurrency trading. eToro has been overwhelmed by new registrations and has decided to temporarily raise the minimum deposit from $200 to $1,000. Although 2021 has barely gotten started, it promises to be an exciting time to invest in […]

11 January, 2021

Global Cryptocurrency Market Value Surpasses $1 Trillion

Thursday has proven to be a monumental day for cryptocurrencies as the world’s combined value tops the $1 Trillion mark. Energised by a substantial rise in the value of Bitcoin in recent months, the volatile crypto market has reached a once-unreachable value. Following the latest Bitcoin Halving in May 2020, the world’s largest digital token […]

10 January, 2021

Victory over virus: SiGMA Virtual Expo hosts 100+ exhibitors

SiGMA Europe and AIBC Virtual Expos launch with record breaking attendance, providing a cure to the industry’s events sector In the light of this year’s changes in our everyday lives, SiGMA was close to having to stop doing what it does best; creating networks for people through the company’s iconic physical events, but luckily, the […]

26 November, 2020