Coinbase today announced two VeChain assets, VET and VTHO, as part of its digital asset listing policy, which emphasizes transparency standards.
Coinbase announced on Twitter that it has put Vetchain (VET) and Vethor (VTHO) on hold for listing soon.
In the past, just announcing that it would list an asset was enough to drive up the cryptocurrency's price significantly. It seems that a similar situation had an effect on the price of VET today. VET is up more than 10% today to $0.019, making it the most valuable cryptocurrency in the top 100 cryptocurrency list. In addition, the value of the digital currency, which has been in high demand by buyers over the past five days, has increased nearly 30% over that period.
Another asset of the VeChain blockchain platform, VTHO, has been gaining similar momentum as VET and has risen to $0.00125 today, or 15%.
Going back to the influence of Coinbase, the cryptocurrency platform, which caused digital asset prices to skyrocket as a result of the listing of the digital currency, has been at the center of some discussions on the subject in the past. Some market participants claimed that news of the altcoins to be listed by Coinbase was leaked and that some sectors were buying before the news was announced. In fact, while this allegation was being taken to court, a former Coinbase employee was accused of carrying out these alleged insider deals.
After these negative reviews, Coinbase decided to take a more transparent approach to its listing policy. As is the case today, the cryptocurrency exchange prepares a list in which it announces the crypto assets it will list including the listing dates in advance.
Considering the recent situation in the cryptocurrency market, the volume of transactions has decreased today. The total market capitalization of cryptocurrencies remained steady at $1.17 trillion. The 24-hour turnover was just under $35 billion. Bitcoin has also been moving sideways since yesterday and is still holding the $30,000 range