By Solomon Odunayo
The VeChain community members have been asking questions as to what is delaying the listing of VET, the native token of the leading enterprise blockchain platform, VeChain, by the largest US-based crypto exchange, Coinbase.
Coinbase is also considered to be one of the largest exchanges in the world. So, based on this fact, anyone could have wished for the listing of his choice digital currencies on such a platform. However, in the case of VeChain (VET), this has not played out as expected.
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Coinbase Still Exploring VeChain (VET)
On 10th June 2020, the leading digital asset trading platform, Coinbase, revealed in an article that it’s exploring VeChain (VET) along with a number of other cryptocurrencies such as Aave, Aragon, Arweave, Bancor, COMP, DigiByte, Horizen, among others.
In the article, Coinbase wrote:
“We are continuing to explore the addition of new assets for customers around the world. Coinbase’s goal is to offer support for all assets that meet our technical standards and which comply with applicable laws.”
The question now is: why is VeChain (VET) not meeting Coinbase’s technical standards and what laws is the cryptocurrency not complying with at the moment? The VeChain community continues to agitate with daily tweets and posts on various social media.
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Why Coinbase Should Consider Listing VeChain (VET)
Considering the growth and development in the VeChain community, which is equally reflecting on the daily use of the digital token VET, Coinbase should make a productive review.
VeChain has vastly gained ground in the enterprise world. Powered by the Proof-of-Authority (PoA) consensus algorithm, the blockchain project offers a higher level of scalability for enterprise solutions.
Developers of Vechain aim at completely eliminating the threat of the market of counterfeit goods, using the potentialities of smart contracts and blockchain technology, where its strength majorly lies.
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Also, VeChain has sealed partnerships that cannot be easily come by, such as partnerships with PriceWaterhouseCoopers (PwC), Yida China Holdings, BMW, Renault, among others.
Why Coinbase should consider listing VeChain (VET)? It’s considered the most undervalued cryptocurrency in the industry. VET gained this unanimous backing due to the reputation already built by VeChain in the ecosystem.
After recommending VeChain (VET) for review in June 2020, Cardano (ADA) and others that never appeared on the list have since been listed. So, why is Coinbase delaying the listing of VET?
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At the moment, one of the best wishes of the community is to see VET tradable on the crypto exchange. VET going live on Coinbase could have been a dream come true for the teeming members of the VeChain community.
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