Coinbase announced that it has added support for VeChain (VET) and VeThor Token (VTHO) on the VeChain network. Trading will begin on September 13, 2023 if liquidity requirements are met. Amid the wave of excitement in the cryptocurrency community, Collin Brown (@CollinBrownXRP) was among the first to announce the news by sharing on X:
Coinbase is expanding its horizons! There is exciting news for VeChain enthusiasts. VET therefore increased by 11 percent! VeChain (#VET) and VeThor (#VTHO) are now on our radar.
Later, the leading cryptocurrency exchange Coinbase officially confirmed the rumors with its announcement. In the post made by Coinbase Assets, the following statements were used:
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 regions where trading is supported.
This news led to a significant 11 percent increase in VeChain price. However, it is important for users to be aware that added support for VET and VTHO tokens may be restricted in some supported regions depending on jurisdiction regulations.