Crypto.com has announced a significant update regarding the Omni Network (OMNI) token, which will be rebranded as Nomina (NOM). The exchange has outlined a timeline for the transition, stating that trading, deposits, and withdrawals of OMNI will continue until 29 September 2025. The specific cut-off times for these activities will be 01:00 UTC for the Crypto.com App and 02:00 UTC for the Crypto.com Exchange, after which all operations related to OMNI will be permanently suspended.
As part of the rebranding, existing OMNI tokens held in eligible users’ accounts will be converted to NOM tokens at a predetermined rate of 1:75. This conversion will take place based on the OMNI balances present in users’ Crypto Wallets on the Crypto.com App and in the Spot Wallet on the Crypto.com Exchange at the time of the delisting.
A series of operational changes will accompany this process:
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Crypto.com App Adjustments:
- Trading, deposits, and withdrawals of ETH-based OMNI will be paused.
- All OMNI Limit orders and TWAP orders will be automatically terminated.
- Trading of OMNI via the Crypto Basket will cease after the Effective Date.
- OMNI will not be available for Card Top-Ups post 29 September 2025, 01:00 UTC, and the method will be disabled for Auto Top-Ups as well.
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Crypto.com Exchange Updates:
- Similarly, deposits and withdrawals of ETH-based OMNI will be paused.
- Open OMNI Spot orders will be closed, and any active trading bots associated with OMNI will be automatically terminated after the Effective Date.
- Users are encouraged to settle all negative OMNI balances, and any open positions will also be closed prior to the cut-off date.
The exchange has committed to providing a separate announcement once the token migration is complete and when trading, deposits, and withdrawals for NOM will be enabled. For any questions or concerns regarding this transition, users are advised to reach out through Crypto.com’s customer support.
