Change Upbit, the main cryptocurrency in Korea, has introduced that it has expanded its buying and selling choices for its customers by including compounds (COMP) to the KRW market.
upbit provides market help for KRW buying and selling pair (comp)
From April 1, 2025, merchants should purchase and promote Comp instantly utilizing South Korea's Profitable (KRW) on the Ethereum Community. Upbit suggested customers to rigorously confirm the right community earlier than depositing funds.
Commerce restrictions at launch
To make sure a clean itemizing course of, Upbit has carried out momentary buying and selling restrictions for COMP.
- Buy Restrict: Buy orders shall be invalid for the primary 5 minutes after the itemizing.
- Gross sales Worth Restrict: In the identical 5 minutes, customers can’t place gross sales orders of greater than 10% from the day gone by's closing value.
- Order Kind Restrict: Solely restrict orders are allowed within the first hour, whereas different order varieties are briefly restricted.
What’s a compound (comp)?
Compound (comp) is an Ethereum-based Decentralized Monetary (DEFI) lending protocol that permits customers to achieve curiosity in crypto deposits and borrow belongings utilizing good contracts. The platform mechanically manages rates of interest and transaction information primarily based on provide and demand.
Comp Token acts as each a governance token and a reward mechanism, permitting holders to take part within the decision-making course of and acquire incentives for lending or borrowing on the platform.
The most recent additions from Upbit strengthen the alternate's dedication to increasing Defi buying and selling choices for Korean customers.
*This isn’t funding recommendation.
