OKEx recently announced that they would list Compound (COMP) with trading to start at 06:00 June 29th (UTC). The OKEx listing comes shortly after several other exchanges listed the token, following the trend of listing DeFi projects to keep up with the demand for these types of projects. At the time of writing COMP tokens are worth around $240 USD with the Compound project having an overall market cap of $705 million USD.
Compound (COMP) started off the DeFi hype in June as the coin debuted on exchanges at an extremely high market cap valuation, with the token quickly rising to the mid $200s and sucking people in that were unaware of the yield that these DeFi ecosystems can provide to smart traders and investors. There are currently just over 42,000 COMP tokens in circulation and there will only ever be 10,000,000 COMP tokens to enter circulation.
Compound is an algorithmic, autonomous interest rate protocol built for developers, to unlock a universe of open financial applications.Compound (COMP) Website
Compound (COMP) trading is open right now on OKEx and volume is already starting to flow into the market.