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Coinbase welcomes Compound to its platform

June 26, 2020

Coinbase announced support for the COMP project, Compounds Decentralized Funding Token or DeFi.

“Coinbase customers can now buy, sell, convert, send, receive or store COMP. COMP will be available to customers in all regions supported by Coinbase except for the state of New York.”The exchange said in a post on June 25th.

The company has listed the token on Coinbase.com, with compatibility for the use of mobile applications on iPhone and Android, the announcement detailed.

Coinbase Pro already contains compound

Coinbase welcomes Compound to its platformCoinbase welcomes Compound to its platform

Compound is based on Etheruem’s blockchain and offers another option for crypto-based loans in the industry.

Coinbase Pro listed COMP on June 23, based on an announcement on June 18.

Coinbase maintains close relationships with Compound as the team invested in the project in 2018and, according to the blog announcement, will have a COMP bag from June 25th.

The publication notes:

“Coinbase intends to maintain its compound investment for the foreseeable future and to adhere to internal guidelines that govern the timing of the permitted disposal of its digital assets, including COMP tokens.”

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