- Coinbase exchange will list VeChain (VET) and VeThor (VTHO) tomorrow.
- VET Coin price has increased by 8%.
- VTHO has experienced a surge of over 30% following the listing announcement.
Market Impact: Positive
Coinbase Continues to Expand its Crypto Offerings
The lack of volatility in the crypto markets is once again reversing. On one hand, exchanges are seeking solutions to the lack of volume. Coinbase, in particular, has launched a serious campaign since 2021 to transform the exchange into the Amazon of crypto. We see at least a few altcoins being listed or added to the roadmap every month.
Latest Altcoin Listing News
According to a last-minute announcement by Coinbase, VeChain (VET) and VeThor (VTHO) will be available for trading on the exchange tomorrow. Deposit and withdrawal operations have already been activated. Exchanges with declining revenues due to lack of volume are listing projects that can attract interest on their platforms much more easily. Coinbase, being a public company and already feeling the breath of the SEC on its neck, is less fortunate in terms of competition.
Although Coinbase claims that its listings comply with SEC rules, the regulatory body sued the exchange in June for providing unregistered securities trading services.
The price of VET rose from $0.015 to $0.0163 following the news. The altcoin, which continued the day with an 8% increase, caught a good opportunity with the listing news as the BTC price also recovered today. VTHO, on the other hand, is continuing the day with a 32% increase.
