Bithumb to launch ONG and ONT trading

24 Jun, 2019 | Updated: 24 Jun, 2019
by Manshi Soneji Mamtora
News
Bithumb to launch ONG and ONT trading

Bithumb to include ONT and ONG tokens on its exchange. Does this vouch for a possible price reaction? Market reactions awaited.

Bithumb, Seoul-based South Korean cryptocurrency exchange is planning to add ONT and ONG coins to its baskets of assets offered. The website states that the trading in these two coins would begin on June 28, and could be traded against BTC and USD. 

Ontology uses a dual token model-ONT and ONG. ONT is a coin and can be used for staking in consensus, whereas ONG is a utility token used for on-chain services. ONT releases ONG periodically. The Ontology blockchain framework supports public blockchain systems that can be customized for different purposes. 

ONG/USDT Chart provided by Tradingview

ONG has a downward sloping price chart despite the optimism in the crypto space over the last few months. However, we could assume that listing on one such large exchange could bring a ray of hope for both ONG and ONT prices.

Some of the Twitter reactions on recent price movement in these coins are included. However, we have still not seen much of a price reaction after the release of Bithumb listing news.

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