Compound (COMP) Goes Live on Coinbase Pro Tomorrow

Compound (COMP) Goes Live on Coinbase Pro Tomorrow

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Tomorrow, Monday 22nd June, the latest token to be listed on Coinbase Pro will give live, Compound (COMP).

Compound (COMP) is the native token of the Compound Protocol, a service that allows users to supply or borrow Ethereum tokens through a decentralized market. The way it works is that users will then pay interest on the borrowed tokens that Compound Protocol supply using the COMP token.

The process of the listing will follow the same 4-step process that all newly tokens on Coinbase Pro receive. Beginning with a Transfer-only stage that is then followed by Post-only, Limit-only and then finally, Full trading going live where users of Coinbase Pro will be able to partake in the full range of trading services.

The process begins tomorrow at 9 AM Pacific Time (PT) so make sure you at Coinbase Pro from that time onwards to begin the process of getting involved. The token will not yet to be listed on the standard Coinbase option though yet, while traders who are based within New York State will not be able to invest in it either.

The token’s listing follows other new listings on the Coinbase Pro, like KNC in February and OmiseGo on the standard service in May. Go there now to begin trading these.

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