Exchange Upbit, the leading cryptocurrency in Korea, has announced that it has expanded its trading options for its users by adding compounds (COMP) to the KRW market.
upbit adds market support for KRW trading pair (comp)
From April 1, 2025, traders can buy and sell Comp directly using South Korea’s Winning (KRW) on the Ethereum Network. Upbit advised users to carefully verify the correct network before depositing funds.
Trade restrictions at launch
To ensure a smooth listing process, Upbit has implemented temporary trading restrictions for COMP.
- Purchase Limit: Purchase orders will be invalid for the first 5 minutes after the listing.
- Sales Price Limit: In the same 5 minutes, users cannot place sales orders of more than 10% from the previous day’s closing price.
- Order Type Limit: Only limit orders are allowed in the first hour, while other order types are temporarily restricted.
What is a compound (comp)?
Compound (comp) is an Ethereum-based Decentralized Financial (DEFI) lending protocol that allows users to gain interest in crypto deposits and borrow assets using smart contracts. The platform automatically manages interest rates and transaction records based on supply and demand.
Comp Token acts as both a governance token and a reward mechanism, allowing holders to participate in the decision-making process and obtain incentives for lending or borrowing on the platform.
The latest additions from Upbit strengthen the exchange’s commitment to expanding Defi trading options for Korean users.
*This is not investment advice.
