Sirlibz
Coinbase, leading US crypto exchange announced support for the DeFi token Compound (COMP) on June 25. The blog announced that Coinbase users could now buy, sell, convert, send, receive, or store Compound (COMP).
COMPOUND TOKEN
An Ethereum token that governs the compound protocol, the protocol allows users to supply or borrow Ethereum (ETH) tokens through a decentralized market. Lenders or suppliers earn interest on the supply of loans while borrowers pay interest in order to collect loans.
Earn Compound (COMP) on Coinbase
Coinbase exchange allows its customers to earn cryptocurrency while learning about them. Recently, it has added five new ones to the list including Compound just a few hours after it was listed and traded. The Coinbase Earn started off with 0x (ZRX) and since then has expanded and added rewards to those that want to learn about Steller, Tezos, EOS, Orchids and now COMP. Coinbase is one of the early investors in Compound and has plans to hold for the time being.
Coinbase owns COMP tokens as a result of a 2018 investment in Compound. Coinbase intends to maintain its investment in Compound for the foreseeable future and maintains internal policies that address the timing of permissible disposition of its digital assets, including COMP tokens.”
