It’s been a little over a week since VeChain (VET) was listed on Coinbase Pro and since then the price of VET has surged by more than 30%. This has led many to believe that Coinbase will soon list VET on its main platform, which could lead to even more price appreciation.
In this article, we will take a look at the evidence that suggests Coinbase could list VeChain in the near future and what impact this could have on the price of VET.
Coinbase Pro Listing
The first thing to note is that Coinbase usually lists assets on its main platform after they have been listed on Coinbase Pro. This was the case with Basic Attention Token (BAT) and 0x (ZRX), which were both first listed on Coinbase Pro before being listed on Coinbase.com.
Given this precedent, it is highly likely that VeChain will be listed on Coinbase.com after it has been established on Coinbase Pro.
In addition, it is worth noting that when Coinbase first announced that it was listing BAT and ZRX on Coinbase Pro, the price of both assets surged by more than 20%. This is likely because investors knew that listing on Coinbase Pro would increase the chances of these assets being listed on Coinbase.
If history repeats itself, we could see a similar surge in the price of VET when/if it is listed on Coinbase.
Potential Impact on Price
If VeChain is indeed listed on Coinbase, this could have a major impact on the price of VET. This is because listing on a major exchange like Coinbase usually leads to an influx of new investors and an increase in trading volume. This was seen with BAT and ZRX, which both saw their prices increase following their listings on Coinbase Pro.
Given this, it is highly likely that VET will experience similar price appreciation if/when it is listed on Coinbase.
There is a strong possibility that VeChain will be listed on Coinbase in the near future. This would be a major development for the project as it would lead to an influx of new investors and an increase in trading volume.
If history repeats itself, we could see the price of VET surge following its listing on Coinbase.