OKEx Lists Compound DeFi Protocol’s Native Crypto COMP

OKEx, a popular cryptocurrency exchange, have listed COMP token, a native cryptocurrency of Compound blockchain, for trading.

The blockchain runs on a DeFi covenant that facilitates users to lend out or generate interest on crypto deposits. Borrowing and lending on Compound are administered via a decentralized P2P blockchain based covenant.

After launching in 2017, the platform widened its operations to overgrow all other DeFi facilities in terms of the aggregate value of assets held, as per DeFi Pulse.

OKEx, in a June 29 announcement, has revealed that COMP spot trading against Bitcoin (BTC) and USDT stablecoin of Tether has started at 6 AM UTC today.

COMP deposits rolled out deposits an hour before the trading started and withdrawal facility am hour after the start of trading facility.