Coinbase, the renowned cryptocurrency exchange, is committed to enlarging its ecosystem by onboarding new digital assets, even amidst increased regulatory scrutiny and accusations of selling ‘unregistered securities.’ Undeterred by these challenges, Coinbase recently announced the addition of two prominent cryptocurrencies, VeChain (VET) and VeThor (VTHO), further solidifying its position in the market.
Coinbase Assets announced the addition of VeChain and VeThor in a Twitter thread:
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Assets added to the roadmap today: VeChain (VET) and VeThor (VTHO)https://t.co/rRB9d3hSr2
— Coinbase Assets 🛡️ (@CoinbaseAssets) June 22, 2023
In line with Coinbase’s goal of fostering transparency within the crypto community, the exchange aims to provide comprehensive and relevant information about each newly listed asset. To achieve this, Coinbase has pledged to communicate the listing of every crypto asset through dedicated blog posts, ensuring that the community remains well-informed.
In a recent blog post, Coinbase highlighted the rationale behind including VeChain and VeThor in its ever-growing list of supported cryptocurrencies. The exchange stated that its primary consideration for listing an asset is its adherence to legal compliance and technical security rather than factors such as market capitalization or project popularity. Coinbase emphasized the importance of meeting stringent standards to ensure the safety and integrity of the assets available on its platform.
Coinbase follows a comprehensive review process that gathers sufficient information about the asset and conducts necessary technical integration work to ensure the highest level of due diligence. By adhering to these criteria, Coinbase aims to maintain the trust of its user base and uphold the highest industry standards.
Adding a cryptocurrency to a prominent exchange often signals a bullish sentiment among investors, contributing to the asset’s value. Being listed on a reputable platform such as Coinbase brings numerous advantages to digital assets. Given Coinbase’s status as one of the largest global crypto exchanges, the VeChain (VET) and VeThor (VTHO) listing catalyzed their recent price surges.
As of press time, VeChain (VET) was trading at $0.0185, experiencing a daily increase of 3.2%. It’s important to note that the altcoin has reached its highest price point of the week. Similarly, VeThor (VTHO) was priced at $0.0011, reflecting a 5.7% rise in the past 24 hours.
