South Korea’s main cryptocurrency trade Upbit has introduced that it has expanded buying and selling choices for customers by including Compound (COMP) to its KRW market.
Upbit Provides Market Assist for KRW Buying and selling Pair (COMP)
Beginning April 1, 2025, at 16:35, merchants will be capable of straight purchase and promote COMP utilizing South Korean received (KRW) on the Ethereum community. Upbit suggested customers to fastidiously confirm the right community earlier than depositing funds.
Buying and selling Restrictions at Launch
To make sure a clean itemizing course of, Upbit has applied non permanent buying and selling restrictions for COMP:
- Buy Restriction: Buy orders can be disabled for the primary 5 minutes after itemizing.
- Promote Value Restrict: Throughout the identical five-minute interval, customers can not place promote orders greater than 10% beneath yesterday’s closing worth.
- Order Kind Restriction: Solely restrict orders can be allowed for the primary hour, different order sorts can be quickly restricted.
What’s Compound (COMP)?
Compound (COMP) is an Ethereum-based decentralized finance (DeFi) lending protocol that enables customers to earn curiosity on their crypto deposits or borrow belongings utilizing sensible contracts. The platform routinely manages rates of interest and transaction data based mostly on provide and demand.
The COMP token serves as each a governance token and a reward mechanism, permitting holders to take part within the decision-making course of and earn incentives for lending or borrowing on the platform.
Upbit’s newest addition reinforces the trade’s dedication to increasing DeFi buying and selling choices for customers in South Korea.
*This isn’t funding recommendation.
