The lack of volatility in the cryptocurrency markets is reversing once again. On one hand, exchanges are seeking a solution to the low volume. Particularly, Coinbase exchange has launched a serious attack to turn the exchange into the Amazon of crypto since 2021. We see that at least a few altcoins are listed or added to their roadmap every month.
News on New Altcoin Listings
According to the last-minute announcement made by Coinbase, VeChain (VET) and VeThor (VTHO) will be available for trading on the exchange starting tomorrow. Deposits and withdrawals have already been activated. Exchanges, whose revenue has decreased due to the low volume, are listing projects that could attract attention much more easily on their platforms. Coinbase is at a disadvantage in terms of competition as it is a publicly traded company and already feels the breath of the SEC on its neck.
Although Coinbase claims that its listings comply with SEC rules, the exchange was sued by the regulatory body in June for providing unregistered securities trading services.
VET price rose from $0.015 to $0.0163 after the news. The altcoin continued its 8% increase throughout the day, and the BTC price also benefited from the listing news as it recovered today. VTHO, on the other hand, continues with a 32% increase.
