South Korean cryptocurrency exchange Upbit has just announced the addition of Compound (COMP) to its KRW market, offering users a new trading option for this Ethereum-based DeFi protocol. 
Trading for COMP will begin on April 1st, 2025, at 16:35 KST, allowing users to buy and sell COMP directly using South Korean won (KRW). Before depositing funds, users are advised to double-check the correct network.
To ensure a smooth launch process, temporary trading restrictions will be in place for COMP:
* Purchase orders will be disabled for the first five minutes.
* Sell orders cannot exceed 10% below yesterday’s closing price.
* Only limit orders will be allowed during the initial hour.
What is Compound (COMP)?
Compound (COMP) is a decentralized finance (DeFi) lending protocol built on Ethereum. It allows users to earn interest on their crypto deposits or borrow assets using smart contracts, all while automatically managing rates and transaction records based on supply and demand. The COMP token acts as both governance and reward mechanism, giving holders voting rights on platform decisions and incentives for lending or borrowing.
This listing from Upbit marks a continued focus on expanding DeFi trading options for South Korean users.
**Please note: This is not investment advice.**