The South Korean exchange Bithumb has recently announced that they will be listing Zilliqa (ZIL) and ETHOS on their existing portfolio of 22 coins. Bithumb is hoping to expand their daily trading volume which is at about $640 million currently.
This news is huge as the collective market cap of both the coins is more than $2 billion USD. ZIL, by themselves, has a market cap of $1.61 billion USD with the daily trading volume about $317 million USD. They are listed as the 22nd largest coin on CoinMarketCap.
While on the other hand ETHOS is currently ranked 59th on CoinMarketCap’s list with a market cap of $364 million USD and a daily trading volume approaching $50 million USD.
The time seems ideal for Bithumb to be targeting these coins as both the coins have been gaining momentum, both in their price and their value against Bitcoin has been skyrocketing for the past month.
ZIL’s price has grown an astonishing 473% in the last month with 86% increase in just the last month. ETHOS hasn’t been too far behind by gaining 160% in the last month and 38% in the past week. ZIL is currently being traded at $0.22 USD while ETHOS is valued at $4.86 USD. ZIL has especially been performing well amidst Ethereum Airdrop rumors and has been widely regarded as one of the best Altcoins amongst the experts in crypto-ecosystem.
Notably, Bithumb had announced last month that they will be conducting their own Initial Coin Offering (ICO). The ICO will be conducted in Singapore instead of South Korea as ICOs are banned in South Korea. Bithumb still hasn’t confirmed the launch day or the size of the venture.