European investors are gaining a new, simpler way to buy VeChain (VET). Whitebit Cryptocurrency Exchange currently offers direct transactions between veterinarians and the Euro (EUR). This eliminates the need for these investors to convert the euro to USDT or BTC first, streamlining the process and reducing fees.
In addition to no longer needing intermediate conversions, users also reduce transaction costs.
Founded in 2018, Whitebit is a central cryptocurrency exchange headquartered in Europe and serves more than 8 million users in the EU, South America and Asia. The platform offers a wide range of services including spot trading, margin trading and futures trading, supporting over 350 trading pairs. Exchanges are generally known for their user-friendly interface, deep fluidity and strong security measures.
Whitebit operates under a European exchange license and custody license in accordance with customer (KYC) and Money Laundering Anti-Money Laundering (AML) requirements. This will provide users with a safe and compliant trading environment. Exchanges handle trading volumes of over $2 trillion per year.
Veterinary price: Down, not just
As for the veterinarians themselves, like most cryptocurrencies, they have lost about 15% in the last seven days and haven’t had their best week. The current price is $0.02417.
The availability of a direct Fiat pair in exchanges like White Bit is a victory in crypto adoption. For many users, direct trading in local currency deprives them of a hassle that can lead to increased volume and increased liquidity.
And it’s not just convenience. Having a trading pair like veterinarian/EUR helps to build a more regulated and user-friendly market. In return, this will help build trust among investors who may have been wary of the volatile conversion process.
Vechain Eyes Eyouth European Market
For VeChain, the latest developments can provide a competitive edge in a way. Vechain is expanding its investor base by expanding market accessibility through direct fiat pairs and enhancing its reliability as a digital asset with real utilities.
Overall, this is good news for European investors, but given the current situation with veterinarians, it remains to be seen how much of a pairing will have in the near future.
Disclaimer: The information contained in this article is for information and educational purposes only. This article does not constitute any kind of financial advice or advice. Coin Edition is not liable for any losses that arise as a result of your use of the content, products or services mentioned. We encourage readers to take caution before taking any actions related to the company.
Discover more from Earlybirds Invest
Subscribe to get the latest posts sent to your email.
