VeChain's VET Token Soars After Coinbase Listing Announcement

The price of VET, the native crypto asset of VeChain, surged after Coinbase announced its listing on their platform. Learn more about the impact of this listing on the VeChain network.

Posted 7 months ago in Blockchain


VeChain's VET token

VET, the native crypto asset of the VeChain blockchain, experienced a significant surge in value following the announcement of its listing on Coinbase.

The price of VET rose from $0.0146 to $0.0166, with an 8.23% increase in the last 24 hours, reaching $0.0164 at press time. This bullish momentum was triggered by Coinbase's tweet confirming the addition of support for VeChain (VET) and VeThor (VTHO) tokens on the VeChain network.

If all liquidity requirements are met, trading for VET and VTHO tokens will commence on or after 9:30 a.m. PT on September 13, 2023. Coinbase will gradually introduce trading pairs, starting with VET/USD and VTHO/USD, once sufficient supply is established.

While Coinbase acknowledges that support for VET and VTHO may be limited in certain jurisdictions, it encourages users to keep their VET in a compatible wallet to receive VTHO dividends, as network payouts will not be available on the platform.

VeChain is optimistic about the listing on Coinbase, as it believes it will enhance accessibility for professional partners and increase exposure to institutions and individuals. The network is also planning to launch subsequent phases in collaboration with the Coinbase team.

Last updated 9/14/2023, 1:57:50 AM

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