Binance Announces Support for VeChain [VEN] Token Swap & Adds VEN/USDT


With VeChain mainnet launch just about here, Binance has announced the support from the VEN token swap that is supposed to take place in mid-June as per the latest timeline shared by VeChain. The popular crypto exchange also added VEN/USDT trading pair that goes live today at 8:00 AM (UTC).

VEN mainnet swap support from Binance

The launch of VeChain mainnet is just around the corner and the cryptocurrency has started gaining support from exchanges and companies. Binance is the latest addition, as it announces the support for the VeChain mainnet token swap.

Currently at the top, Binance rules the crypto exchanges by managing the daily trading volume of $1.2 billion, as per Coinmarketcap. The exchange states,

“Binance would like to confirm that we will support the VEN Mainnet Token Swap. We will handle all technical requirements involved for all users holding VEN and will make a further announcement regarding the details of the swap at a later date.”

According to the mainnet launch timeline shared by VeChain yesterday, the token swap will start in mid-June till the end of that month for the exchanges. However, exact dates are yet to announced by the company.

Also, read: After Binance, another Crypto Exchange Planning to Offer Fiat Trading Options

Added liquidity with VEN/USDT trading pair

But this is not all, the popular exchange gave the VeChain community another reason to be happy as it also announced the addition of VEN/USDT trading pair. “Binance will also open trading for the VEN/USDT trading pair at 2018/06/22 8:00 AM (UTC)” wrote the exchange on its official site. Added liquidity and stability surely helps the VEN investors. VeChain Foundation also thanked the exchange for the support with this Tweet:

VeChain community surely is elated as evident from the comments like“Wonderful news!!” by Miłosz Gierczak. Another, VEN supporter shared,

At the time of writing, VeChain has been at $3.07 with a loss of 3.45 percent in the last 24 hours. However, the majority of the crypto market is currently in the red, experiencing the dips between 5 to 12 percent. But VEN is in green against both the BTC and ETH pairs.

The price dip has VEN slipping to the 17th position from 16th. With its mainnet coming up, people are expecting the prices to take a spike, but for now, we could only, wait and see.

Comment below to let us know your views on Binance adding VEN/USDT trading pair and supporting the token swap!

The post Binance Announces Support for VeChain [VEN] Token Swap & Adds VEN/USDT appeared first on Coingape.

Written by Sagar Saxena @ June 22, 2018 Sagar Saxena

Comments are closed.