Now available on Blockchain.com: DAI (DAI) and Compound (COMP)
Starting today, the Blockchain.com Exchange will support depositing, trading, and withdrawing Dai (DAI) and Compound (COMP).
Dai is a stablecoin cryptocurrency that dynamically maintains its value as close to one United States dollar as possible through an automated system of smart contracts on the Ethereum blockchain. With DAI, exchange users now have a fourth low-volatility cryptocurrency option, in addition to USDC, USDT, and PAX USD.
Compound is a decentralized, blockchain-based protocol that sets interest rates for lending and borrowing markets by algorithm to facilitate open finance. Compound allows users to participate in its governance with its native COMP token.
Upon launch, trading pairs will include DAI-USDT, DAI-USDC, DAI-USD, DAI-GBP, DAI-EUR, COMP-USDT, COMP-USDC, and COMP-USD.
Want to test the waters?
Purchase these tokens in GBP, EUR, and USD today through Simple Trade, our easy to use feature that makes crypto trading, well, simple.
To get started, log into the Exchange, add funds, and start trading.
About Dai (DAI)
Dai is a fully collateralized stablecoin native to Maker’s decentralized autonomous organization (DAO). (Messari)
About Compound (COMP)
Compound is a lending platform built on Ethereum that enables users permissionless borrowing or lending from a pool of assets. Rather than interest rates being set by individuals, they are determined algorithmically based on the proportion of assets lent out. (Messari)
IMPORTANT NOTE:
Digital asset markets are unregulated and not currently governed by any specific UK, European or US regulatory framework. Digital currencies are not bank deposits, are not legal tender, and are not backed by the government. Blockchain Access UK Ltd’s products and services are not within the jurisdiction of the UK Financial Ombudsman Scheme, nor are they subject to the UK Financial Services Compensation Scheme, the US Federal Deposit Insurance Corporation or Securities Investor Protection Corporation, or any other non-UK or non-US governmental or government-backed protections.
Legislative and regulatory changes or actions in any jurisdiction in which Blockchain.com’s customers are located may adversely affect the use, transfer, exchange, and value of digital currencies.
