The OKEx cryptocurrency exchange has announced that it will be listing the Ethereum-based Compound (COMP) token on its platform for trade, according to a press release.
The release describes comp as a “governance token” that allows users to vote on different important aspects of the network. Speaking on the matter is Jay Hao, the CEO of OKEx, who had said:
“Compound has long been leading the field in decentralized finance, yet thanks to its continued innovation and development, it has now become the largest player in DeFi and a shining example of how far development has come in this space.”
Continuing his statement, Hao claims that they’re more than happy to assist the DeFi space:
“We are extremely pleased to be able to help foster the growth of the DeFi ecosystem alongside Compound. It is our belief at OKEx that DeFi will eventually disrupt traditional finance and provide equal opportunities for everyone to access financial services. This, in turn, helps us to realize our vision at OKEx, which is to #FinanceAll.”
Recently, Compound was also listed on Coinbase’s Earn platform, which teaches users all about the asset.