- Binance.US announces it will list VeChain (VET) to its trading platform
- VeChain’s token value surges to all-time high following the news
- VeChain could gain more mainstream exposure at The Capital conference held by CoinMarketCap
On November 6, 2019, Binance.US, Binance’s trading platform for customers in the US, announced that it is going to add support for VeChain (VET). The new trading pair (VET/USDT) is set to go live at 21:00 EST on November 7, 2019.
The crypto exchange said that VET is temporarily only available for deposits, and withdrawals will not be enabled until trading is live.
Following the news, VeChain’s token value surged, reaching its highest level in almost three months.
At current values, VeChain has a total market capitalization of $271.8 million, with its value appreciating by 22% this year.
Binance.US is emerging as a fast and efficient marketplace providing access and trading across a diverse selection of digital assets, so VET stands to gain massively by being listed on the platform.
VeChain Pushes for More Exposure
VeChain co-founder and CEO Sunny Lu will reportedly deliver a keynote address at the upcoming industry conference, sharing his insights on current established real-world use of blockchain technology.
Other influential people from within the crypto community, including Binance’s Changpeng Zhao, and Paul Atkins, the former commissioner of the US Securities and Exchange Commission, are also listed as keynote speakers.
Although the news is a few days old, market participants are finally catching wind of VeChain’s potential to gain more mainstream exposure at the inaugural conference.
Following the announcement, the value of VET peaked at $0.004940 on Tuesday and continues to surge on the back of today’s Binance listing.
CoinMarketCap is a prominent information resource platform in the crypto space. It tracks the market capitalization of various digital assets and the volume of trades across numerous exchanges.
VeChain and CoinMarketCap have decided to collaborate by introducing a new limited edition of artwork powered by VeChain ToolChain for the conference.
VeChain Making Big Strides in the Crypto Industry
VeChain aims to integrate with Fortune 500 companies by supporting the supply chain management industry through blockchain technology and IoT integration, which allow manufacturers to assign and track unique product identifiers on the platform.
VeChain, which is considered to be one of the most promising blockchain startups, has a growing list of partners which include Walmart, Haier, Group Renault, and BMW.
The tech being developed by VeChain can be applied to practically any business where supply-chain management is required.