Two altcoins are surging after a sudden listing announcement from top US crypto exchange Coinbase.
In a new announcement, Coinbase says the exchange is listing managing blockchain-based supply chain project VeChain (VET) and its associated token VeThor (VTHO) for trading.
VET spiked from its Monday low of $0.0146 to a high of $0.0165 Tuesday hours after Coinbase’s announcement, a 13% increase. The coin is trading for $0.0163 at time of writing.
VeThor also rallied from Monday’s low of $0.000857 to a high of $0.00115 on Wednesday, a more than 34% increase. The token has retraced to $0.00107 at time of writing.
Trading of the two altcoins on Coinbase officially launched Wednesday.
The VeChain platform uses its blockchain to assist in managing supply chains by tracing products and preventing counterfeits. The network operates using a “Proof-of-Authenticity” (PoA) consensus mechanism.
VeChain has partnerships with major companies, including Walmart China, BMW and Sam’s Club.
The
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