In the meantime, World of V and the VeChain Foundation have collaborated to launch the first VeChain community digital collectable event. The occasion presented the idea of “phygital” digital collectibles, which combine physical collectibles and NFT technology. VeChain is a blockchain-based platform that works on the supply chain management and mass adoption of blockchain technology. Crypto enthusiasts are optimistic about the future potential of VeChain because it has many real-world use cases.
SEC chairman Gary Gensler reiterated that there is a need to regulate digital asset exchanges more closely. Though 2023 begins on a positive note, experts suggest a volatile year ahead. That is why you have to be cautious and mark a buying zone for altcoins.
Crypto exchange Coinbase could be extending support for more digital assets following the addition of Cardano on its platform. VET has a maximum supply of 86 billion of which more than 64 billion is already in circulation. It currently https://lightningramp.com/ ranks among the top 30 cryptocurrencies in the world with a price of around $0.1 per token, with more than $6 billion market capitalization. Note that the content on this site should not be considered investment advice.
- Though 2023 begins on a positive note, experts suggest a volatile year ahead.
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- This has led to significant partnerships between VeChain and major global manufacturers.
- Obviously, Coinbase Custody is one of the largest custodians in the world at the moment.
In this partnership with VeChain, Fanghuwang will create solutions to improve the way data is collected, stored and shared. For this, they have developed another Dapp called VeVid, which offers a Digital ID and KYC tool to companies on the VeChain blockchain. Its partnership with VeChain will allow users to buy and sell VET tokens using physical ATMs installed in Japan and China. One reason could be that there are regulatory hurdles involved with listing Vechain. Since last year, the cryptocurrency community has been eagerly waiting for Vechain’s listing on Coinbase.
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You can also use technical analysis by looking at VET’s price history to try and predict future potential. The SEC chair believes that dozens to hundreds of tokens on crypto exchanges could be securities, unlike Bitcoin, the leading digital https://lightningramp.com/how-and-where-to-buy-adax/ asset regulators believe is a commodity. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project.
VeChain has been following the trend of the broader market for quite some time. Beyond these partnerships and use cases, VeChain has created a Blockchain-as-a-Service (“BaaS”) platform called ToolChain. As a result, there is a countdown on when Vechain will finally be listed on Coinbase. In the case of Vechain, it doesn’t seem like this criteria is being met according to Coinbase’s standards.
Kuehne & Nagel China implemented VeChain’s blockchain technology to smartify parcels and assets, and to allow customers to track their parcels in a transparent manner. When there is a crypto partnership with a traditional company, blockchain solutions are expanded and help the entire ecosystem move forward. Depending on the type of partnership, there could also be a price increase.
The Countdown is on: When will Vechain be Listed on Coinbase?
The company has an impressive list of partnerships with governments, global companies, and telecommunications companies. Gwinny Kongphet has a Bachelor in Arts with a focus on geography from Kasetsart University in Thailand. An avid reader, she has been passionate about writing since her early childhood, and has contributed articles to various publications over the years. Gwinny has developed an expertise in cryptocurrencies and continually researches and participates in this field, while developing her skills as an investor and trader.