By Tobi Loba
VeChain (VET), the 20th largest cryptocurrency by market capitalization, has been listed by Bitcoin.com exchange. VET is now tradable against Bitcoin (BTC) and Tether (USDT) trading pairs.
VeChain (VET) Opened To New Users
The crypto exchange announced the new development on 11th August 2020, via its official Twitter handle. According to the report, VET holders are now enabled to trade their choice digital token on the Bitcoin-based cryptocurrency exchange.
Bitcoin.com exchange tweeted, “We are thrilled to announce that VeChain got listed on our exchange. Trade BTC and USDT pairs now! Happy trading!”
This has been a welcoming development in the VeChain community since the use cases of the digital token VET will be opened to new crypto users across the world to leverage.
However, the crypto asset is experiencing price retracement in the market at the moment. In the past hours, VET has failed to join some top altcoins such as Ethereum (ETH), Tron (TRX), Chainlink (LINK), and others in the present price rally. At the time of writing, VET is trading at $0.019904, with a 2.55% price downtrend in the last 24 hours.
VeChain Foundation Enters Second Project Phase with Shanghai Gas (Group) Co, Ltd
According to the report of a local Chinese media, VeChain Foundation is entering the second project phase with the Chinese natural gas giant, Shanghai Gas (Group) Co, Ltd.
In the first phase of the project, the delivering information of the LNG and the information of the storage facility that shows the quality of the LNG were stored on the VeChainThor blockchain.
As per the report, the second phase of the project will investigate the feasibility of the blockchain integration, promote the development of energy trading and logistics management through research, and create new financial opportunities in the energy industry.
Going by the report, stakeholders in the value chain, such as banks, logistics companies, and insurance companies will greatly benefit from the initiative.
As the Chinese natural gas giant is one of the largest importers of LNG in the world, the project is expected to help China address its growing consumer demand in both rural and urban areas.
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