VeChain (VET) and VeThor (VTHO) Go Live On Coinbase. VET Surges 9%

Solomon Odunayo — Wed, 13 Sep 2023 18:49:32 +0000

Following the announcement of Coinbase listing of VeChain (VET) and VeThor (VTHO), VET experienced a remarkable surge. Although VeChain hit a low of $0.0146 on September 12, it has jumped a remarkable 9.25% over the past 24 hours to reach $0.01647.

In June, Coinbase announced the addition of VeChain (VET) and VeThor (VTHO) to its listing roadmap. In this regard, on September 12, Coinbase shared a post on X announcing the addition of these two tokens.

According to Coinbase on September 12th, provided VET and VTHO liquidity requirements are met, users can begin trading with VET and VTHO tokens on September 13, 2023, at or after 9:30 a.m. PT. The trading pairs for VET/USD and VTHO/USD will be rolled out in stages as adequate supply becomes available.

Coinbase mentioned that support for VET and VTHO might have limitations in certain supported regions and emphasized that no network payouts of VTHO to users holding VET will be supported on the platform. To receive these network dividends, users are encouraged to keep their VET in a wallet that can accept VTHO payouts.

After both VET and VTHO met the requirements set by Coinbase, they are now live on the crypto exchange, according to Coinbase Assets’s official X handle.

VeChain (VET) and VeThor (VTHO) are now live on https://t.co/CD3RBjtMAO & in the Coinbase iOS & Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets. https://t.co/676miKRrfh

— Coinbase Assets (@CoinbaseAssets) September 13, 2023

VeChain Community Reacts

This news was met favorably by the VeChain community on X. The sustained rise prompted Mr.Cooper (@MrCooperCNFT) to share his excitement, saying, “The day has finally come.” Another user, Ali (@ali_charts), replied, “About time.” Another user shared a similar sentiment saying this should have come in early 2022.

As the community continues to celebrate the new development, VeChain (VET) is expected to continue its price surge as it gains exposure to over 100 million users across the world.

VeChain Promises More in the Future

The VeChain network has happily welcomed this price surge, anticipating that the Coinbase listing will provide easy access to its infrastructure for professional partners. The Coinbase listing is also expected to significantly boost VeChain’s exposure to both institutional and retail investors.

VeChain has also hinted at future collaborations with the Coinbase team. It will be interesting to see what promising developments they have in store for the crypto industry. The foundation closed out its post saying it will continue to push for mass adoption.

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The post VeChain (VET) and VeThor (VTHO) Go Live On Coinbase. VET Surges 9% appeared first on Times Tabloid.

Coinbase Adds VeChain (VET) and VeThor (VTHO) to its Roadmap, Listing Likely Underway

Adedoyin Aka — Fri, 23 Jun 2023 21:09:22 +0000

Coinbase, the largest US-based crypto exchange, has announced that VeChain (VET) and VeThor (VTHO) have been added to its roadmap.

The exchange made this known on its official Twitter handle a couple of hours ago. The new development is seen as a huge step forward for VeChain blockchain due to the reputation of Coinbase. It’s worth mentioning that Coinbase is one of the largest exchanges in the world, having over 68 million customers in over 100 countries.

Assets added to the roadmap today: VeChain (VET) and VeThor (VTHO)https://t.co/rRB9d3hSr2

— Coinbase Assets (@CoinbaseAssets) June 22, 2023

What You Need to Know about VeChain Blockchain?

VeChain is a blockchain platform that provides corporate businesses with transparent tracking, administration, and exchange of product data, allowing them to go beyond traditional systems with incompatible databases.

The network seeks to revolutionize the tracking of commodities and data in supply chains by utilizing VeChain’s proof-of-authority mechanism, which functions on the use of a consensus of identifiable nodes that validate transactions. The ecosystem is powered by VeChain’s two native tokens, VET and VTHO, which serve as a method of exchange and expenditure.

VeChain aims to deliver value, trust, sustainability, and collective action to commercial organizations. The supply chain and logistics solution crypto firm is leveraging blockchain technology to increase visibility and transparency, hence simplifying product tracing in the supply chain network.

Many organizations, like Renault and PricewaterhouseCoopers, have been drawn to VeChain’s blockchain technology. Companies are using VeChain’s blockchain network to boost product traceability through QR code scanning.

VeChain is also making great progress against counterfeit goods. In Europe, VeChain was instrumental in the seizure of counterfeit products worth € 33 million as part of Operation Pirates 1, in which the European Union Intellectual Property Office collaborated with various agencies and fifteen European nations to combat counterfeit goods smuggling.

Furthermore, firms such as BMW and Walmart have used VeChain’s blockchain network to safeguard their products from odometer fraud and food provenance tracking, respectively. These collaborations bolster the case for VeChain’s technology capabilities in improving supply chain transparency.

Finally, Coinbase’s move to list VeChain highlights the blockchain’s potential for creating distributed and trustworthy business ecosystems. Coinbase’s latest addition will surely increase VeChain’s prominence, highlighting the myriad of unique options that blockchain technology provides.