August 14, 2022

Kraken adds support for OmiseGo and PAX Gold

Kraken adds support for OmiseGo and PAX Gold

San Francisco-based popular cryptocurrency exchange Kraken has announced the addition of OmiseGO Asset Support (OMG) and PAX Gold (PAXG).

It will be possible to make deposits from today(29th of October). The first trading deals will begin shortly after activation of deposits. OMG and PAXG trading pairs with Bitcoin (BTC) and Ethereum (ETH), as well as with fiat currencies, US dollars and euros, will be available on the exchange.

Kraken will launch trading with these currencies on the main platform on and Kraken Pro. However, margin trading and futures for new assets are not yet available.

OmiseGO is a decentralized banking and exchange platform, as well as an issuer of OMG token based on the Ethereum ERC-20 standard.

PAX Gold (PAXG) is a stablecoin tied to the real value of gold in the market. This serves as a reliable means of protection against high volatility.

Recall that in August of this year, BAT and WAVES tokens were also added to the exchange.