Cryptocurrency exchange Coinbase has announced listing of COMP token.
The exchange's users can now buy, sell, convert, send, receive, or store COMP tokens. However, initially COMP will not be available for New York state.
Coinbase revealed its plans to list COMP and other tokens earlier this month. The exchange is also considering for listing the follow assets: Aave, Aragon, Arweave, Bancor, DigiByte, Horizen, Livepeer, NuCypher, Numeraire, KEEP Network, Origin Protocol, Ren, Render Network, Siacoin, SKALE Network, Synthetix, and VeChain.
Compound (COMP) is a ERC20-based digital asset that governs the Compound protocol. The protocol allows anyone to supply or borrow Ethereum tokens through a decentralized market provided by the Compound platform.
Previously, iHodl reported that the total value of the assets locked in the DeFi project Compound exceeded that of Maker on June 20, making it the largest decentralized finance (DeFi) project.
Compound currently has around $614 million in locked assets.
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