European Investors Get Simplified Access to VeChain (VET)

European investors now have a simpler option for buying VeChain (VET). The WhiteBIT cryptocurrency exchange has introduced direct trading between VET and the Euro (EUR), removing the need for a conversion to USDT or BTC. This streamlines the purchasing process and could lower fees for users.

With no intermediate conversions, users will also benefit from decreased transaction costs.

Founded in 2018, WhiteBIT is a centralized exchange based in Europe, boasting over 8 million users in the EU, South America, and Asia. The platform provides various services, including spot trading, margin trading, and futures, supporting over 350 trading pairs. WhiteBIT is renowned for its user-friendly interface, deep liquidity, and robust security.

The exchange operates under European Exchange and Custody licenses, adhering to Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, ensuring a secure trading environment. WhiteBIT manages more than $2 trillion in trading volume annually.

VET Price: Down, But Not Out

VET has experienced a challenging week, with a 15% loss over the past seven days, currently priced at $0.02417. The introduction of fiat pairs on exchanges like WhiteBIT signifies progress for crypto adoption. Trading in local currency simplifies the process, potentially boosting trading volumes and liquidity.

More than convenience, the VET/EUR pairing contributes to creating regulated, user-friendly markets, boosting trust among wary investors wary of volatile conversion processes.

VeChain Eyes European Market

This latest development could offer VeChain a competitive edge by enhancing market accessibility through direct fiat pairs. It expands its investor base and strengthens its position as a digital asset with real-world utility.

In summary, this news is beneficial for European investors, though the actual impact on VET remains to be seen in the near future.

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