VeChain (VET) is an enterprise-focused blockchain ecosystem that aims to enhance supply chain management. It connects blockchain technology with real-world applications through a comprehensive governance structure, a robust economic model, and advanced IoT integration.
The listing on Binance.US will provide market access to VeChain for millions of retail investors. This triggered a substantial increase in the price of this cryptocurrency trading as high as $0.006 after the news dropped. Now, it seems like VET could be bound for a pullback before the continuation of its bullish trend.
VeChain was open for trading on the Binance.US platform as of Nov. 7 at 9:00 PM EST. Therefore, users can already start depositing and trading this cryptocurrency in their accounts. VET has only been listed against the US dollar (USD), and its Bitcoin (BTC) pair could be listed later, depending on the demand that it generates.