Bithumb to List Kyber Network and OmiseGo: Both Kyber Network (KNC) and OmiseGo (OMG) are surging today. Why? Likely because Bithumb, South Korea’s largest crypto exchange, is forecasted to list both tokens later this evening.

Bithumb to List Kyber Network and OmiseGo 

Kyber Network (KNC) and OmiseGo (OMG) both witnessed massive gains in both price and volume ahead of their listing on the South Korean exchange today. For those who don’t know, KNC is a decentralized crypto exchange, while OMG is an Ethereum (available on Coinbase)-based scaling solution. 

Kyber Network (KNC) is currently up 30.13% in the past twenty-four hours.

Source: CoinMarketCap

Meanwhile, OmiseGo is up 20.38% in the past twenty-four hours. 

Source: CoinMarketCap

Is This a Good Idea?

There are certainly both pros and cons to the decision of Bithumb to list Kyber Network and OmiseGo. However, regardless of the cons, there is a reason to suspect that this was not a rushed decision on behalf of Bithumb. According to various sources, when the South Korean crypto exchange decided to list Qtum and Zcash, it took months of heavy market research before making the final decision to integrate the tokens. If Bithumb approached Kyber Network (KNC) and OmiseGo (OMG) the same way, I wouldn’t say this was a rash decision.