VeChain (VET) has made many partnerships in the recent past, and it seems as if they are forming new ones now. An alpha leak on Twitter by iTrustCapital has just revealed that VeChain will be added to the platform soon.
Who is iTrustCapital Anyways?
iTrustCapital is one of the leading IRA and 401(k) platforms in the United States. IRA is a type of account set up in a financial institution that enables a person to save for retirement. On the other hand, a 401(k) is a retirement savings plan that allows people to have a portion of their paychecks directly paid to this savings account.
Therefore, the main difference between IRA and 401(k) is the method of saving.
iTrustCapital now allows Americans to save for their retirement using crypto. In addition to that, Americans can trade the crypto assets listed on the platform 24/7 at lower fees and with high security. Perhaps the most lucrative deal on the platform is to trade without having to incur taxes.
So far, the platform has listed more than 20 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Uniswap (UNI). Going to their website, in the ‘Coming Soon‘ section, Decentraland (MANA), MakerDAO (MKR), Terra (LUNA), and VET have been listed.
Why is this Great News for VeChain?
VeChain company has its main office in Singapore. As a non-American company, gaining entry into the American space can be pretty hectic.
Therefore, having an authorized company offering VET to American citizens is a big win for VeChain. This listing will open doors for more American investors to buy and hold VeChain (VET), further growing the already massive VeChain community.
The current price of VET is $0.093. With such good news, the VeChain price will shoot up. VET is a solid project and can reach $1 easily if such good news continues to come.
Good Times Ahead
This news comes right before the crypto market goes into the last phase of the 2021 bull run. VeChain can make new all-time high prices, hopefully.