The price value of VeChain (VET) has surged by 10% after getting the support of the Binance exchange.
Recently, the Binance exchange announced to list VeChain and some other coins on its platform which affected the coin positively and its price went up 10%.
Binance is listing VeChain
The US-based exchange Binance had announced it on Thursday 6th Nov that it is going to list VeChain on its platform. The announcement was made in a blog post. The news was also shared on twitter by Binance US official twitter account.
https://t.co/AZwoBOy3iq Will List @vechainofficial $VEThttps://t.co/xRuOYZOtj3 pic.twitter.com/T9U6fxjfbC
— Binance.US (@BinanceAmerica) November 7, 2019
According to the blog post, VeChain will be available on the exchange platform with the pair of USDT and the trading for this pair will start from 7th Nov 2019 onward.
The blog post further stated that the exchange is only supporting VET deposits. The withdrawal option is not available yet on the platform. The users can only deposit their holdings and will be able to withdraw their holdings when the coin will go live on the exchange.
Apart from this, now the crypto market will have access to VeChain for several retail investors.
VeChain Price Slightly Surged
As soon as the Binance US announced its support for VET, the coin saw a slight surge in its price value. The value of the token has increased by 10%.
The price of the coin has shown a bullish behavior for the last few weeks. With this bullish trend, the price of the coin went high with a percentage of 110.
The trading mark of the coin was $0.00285 on 24th Oct 2019. But the factor of Binance Exchange has led the coin to the high mark of $0.006.
Conclusion
Vechain performance was not satisfactory for the last few weeks but now it has got a bullish edge after getting the support of US-based Binance exchange. It is expected that the coin will sustain its bullish performance in the upcoming days.
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