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Coinbase Pro Announces Support for Compound’s DeFi Token COMP

Coinbase Pro Announces Support for Compound's DeFi Token COMP

United States cryptocurrency change introduced the itemizing of COMP, the token powering the decentralized lending protocol Compound.

Based on a June 18 announcement, COMP buying and selling will begin on June 23 at 9 AM Pacific Time if the liquidity necessities are met. Moreover, customers will be capable of deposit their COMP tokens the day hours earlier than the buying and selling exercise is scheduled to begin.

Buying and selling will begin progressively

After a ample — unspecified — provide of COMP tokens make their approach to Coinbase Professional, the change will progressively roll-out buying and selling performance for the tokens. There might be two buying and selling pairs together with the token in query, specifically the COMP-Bitcoin (BTC) and COMP-USD pairs.

Initially the pairs might be obtainable in post-only modes. Restrict orders might be allowed someday thereafter. As soon as the agency’s expectations for what constitutes a wholesome market are met by the pairs, full buying and selling with the market, cease and restrict orders will begin.

Compound is an Ethereum-based decentralized finance protocol that enables its customers to borrow tokens or deposit them in change for curiosity. The announcement notes that “COMP isn’t but obtainable on Coinbase.com” which presumably implies that Coinbase’s common retail crypto change will even checklist the token.

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