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.