Ethereum News Today: Upbit Lists Ethereum-Based OMNI on KRW Spot Trading Platform July 29

Upbit, a major South Korean cryptocurrency exchange, has announced the listing of Omni Network (OMNI) on its spot trading platform. The token will begin trading on July 29, 2025, in the KRW (South Korean Won) market, with transactions initiated at 18:30 local time. Omni Network, an Ethereum-based Layer 1 blockchain, aims to address liquidity and interoperability challenges in the Ethereum ecosystem through its Dual Chain Architecture and Integrated Consensus technologies. The OMNI token will be available for use in transaction fees, staking, delegation, and on-chain governance.

Trading restrictions include a 5-minute buy order freeze and a 10% price floor for sell orders during the initial 5 minutes post-listing. For the first 2 hours, only limit orders will be accepted. Upbit emphasized that OMNI transactions must be conducted via the Ethereum network using the verified contract address (0x36e66fbbce51e4cd5bd3c62b637eb411b18949d4). Transfers from unverified addresses or those involving large, unexplained funds may require additional verification.

The listing highlights Upbit’s commitment to supporting innovative projects within the Ethereum ecosystem. Omni Network’s integration with EigenLayer’s AVS protocol further strengthens its security model by leveraging Ethereum’s staking infrastructure. While the token’s initial BTC price is set at 0.00002137 BTC (approximately 3,472 KRW), market volatility remains a risk factor for traders.

The move underscores growing institutional and retail interest in Ethereum-based solutions as Layer 2 and cross-chain activity expands. However, the lack of broader market data on OMNI’s adoption or utility means its long-term performance remains speculative. Upbit’s decision to list the token aligns with its strategy to diversify its portfolio with projects addressing scalability and interoperability challenges.

Source: [1] Bitcoin Exchange Upbit Announces Listing of New Altcoin on Spot Trading Platform! Here Are the Details (https://coinmarketcap.com/community/articles/6888b7abcbe08374be309e13/)