VeChain (VET) Coin Surging Following Coinbase Listing
By Nilesh Hembade 13-Sept-2023 3:15 AM GMT
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Introduction:
VeChain, the world’s leading Web3 credential data network, has experienced a remarkable surge in its native token, $VET, which soared by an impressive +9.45% today. The token’s price surged to a notable $10.1616, and its market capitalization reached an impressive $1.1 billion.
The driving force behind this sudden surge in VET’s value is a groundbreaking announcement from Coinbase Exchange, one of the most renowned cryptocurrency exchanges globally.
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Coinbase's Major Announcement Of VeChain VET Coin
Coinbase Exchange announced on Tuesday that it would be listing the VeChain VET token on its platform. Furthermore, Coinbase will also list the VeThor (VTHO) token.
The VeChain network operates with two distinct tokens: VeChain (VET) and VeThor (VTHO). VET serves as the primary or native token of the blockchain, while VTHO functions as the gas token necessary for processing transactions on both the VET and VTHO networks.
Coinbase will add support for VeChain (VET) and VeThor (VTHO) on the VeChain network. Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
— Coinbase Assets 🛡️ (@CoinbaseAssets) September 12, 2023
The listing of VeChain (VET) and VeThor (VTHO) on Coinbase Exchange is scheduled to take place today, September 13, 2023, at 9:30 a.m. PT. This development has set the cryptocurrency community abuzz, and it has had an immediate and profound impact on the VET token’s market performance.
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The news of Coinbase’s listing decision has acted as a catalyst, propelling VET to the forefront of cryptocurrency market discussions. The surge in VET’s price demonstrates the significance of such listings by reputable exchanges, and it underscores VeChain’s growing prominence within the blockchain and cryptocurrency space.
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