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CEX.IO, the online cryptocurrency exchange, will be listing Compound (COMP) on their exchange, one of the newest and hottest DeFi tokens.
The online cryptocurrency exchange CEX.IO is preparing to list a new coin, and this one is sure it excite its platform users. CEX.IO will be listing the Compound networks native cryptocurrency (COMP), which will be available to buy, sell, trade, deposit, withdrawal, and transfer. COMP/USD trading as well as COMP deposits will begin on CEX.IO on August 25, with withdrawals being enabled two days later on the 27th. Compound, the network that supports COMP, is a decentralized lending protocol built on top of the Ethereum blockchain. The compound networks allows its user to borrow cryptocurrency using other assets the hold as collateral. When broken down into its technical components, the Compound network is a set of decentralized Ethereum smart contracts that is governed directly by its users. You can use many assets as collateral, including the platform specific COMP token, which is used for decentralized platform governance. Any user that holds atleast 1% of of the total COMP supply can stake COMP in order to make a proposal to the network, where users can then vote if they want to implement the feature or not. COMP is one of the leading decentralized lending platforms in the space.
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CEX.IO, the online cryptocurrency exchange, will be listing Compound (COMP) on their exchange, one of the newest and hottest DeFi tokens. The online cryptocurrency exchange CEX.IO is preparing to list a new coin, and this one is sure it excite its platform users. CEX.IO will be listing the Compound networks native cryptocurrency (COMP), which will […]