Crypto Exchange FTX Lists Compound DeFi Token
Main page News, Cryptocurrency, DeFi
Hot topic
19 June
227 227

The crypto exchange has just announced it is listing Compound's token and the stablecoin cUSDT, The Block reports.

COMP will not only be included in the spot market, but will also be presented as a derivative, allowing FTX users to open short and long positions with leverage (the percentage of leverage has not been specified). FTX CEO Sam Bankman-Fried said:

"COMP is a really exciting project and a huge step forward for DeFi; in addition, the token is generating a large amount of attention right now."

The price of the COMP index will be calculated according to 4 trading pairs: COMP/ETH and COMP/USDT on Poloniex, COMP/USD on FTX and COMP/USD on FTX US.

FTX has recently introduced Bitcoin hashrate futures as well as oil futures.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error