Coinbase Custody Now Supports Compound Governance

Coinbase Custody Now Supports Compound Governance

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In the latest addition to Coinbase Custody’s feature, it now supports Compound Governance

The roll-out of is said to further enable the decentralised finance eco-system that was already the largest custodian in the world and was packed with features and options to utilise. The roll-out of Compound Governance will also see the related COMP token, and cTokens (cETH, cZRX, cUSDC, cBAT, cDAI) be added to the platform.

The platform has explained that the addition of Compound Governance, “will build on our battle-tested, institutional-grade cold storage solution to provide a secure and seamless way for our clients to govern Compound, an interest rate protocol that has seen explosive growth since its launch in late 2018”. The compound already has $100m of assets supplied to it and is considered a pillar in the world of DeFi.

The addition of Compound Governance will offer many more beneficial features to users of Coinbase Custody that are too numerous to mention here. However, all the details about the addition of Compound Governance to the service can be found on their platform in the blog they posted announcing the news.

To read this and get involved in Compound Governance at Coinbase Custody then click here.

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