United States cryptocurrency trade introduced the itemizing of COMP, the token powering the decentralized lending protocol Compound.Based on a June
United States cryptocurrency trade 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 have the ability to 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 enough — unspecified — provide of COMP tokens make their approach to Coinbase Professional, the trade will progressively roll-out buying and selling performance for the tokens. There will probably be two buying and selling pairs together with the token in query, particularly the COMP-Bitcoin (BTC) and COMP-USD pairs.
Initially the pairs will probably be accessible in post-only modes. Restrict orders will probably 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 trade for curiosity. The announcement notes that “COMP shouldn’t be but accessible on Coinbase.com” which presumably implies that Coinbase’s widespread retail crypto trade may also listing the token.