CryptoAltum Lists Compound on MT5
What is Compound?
Compound is one of the earliest decentralized money markets. The platform allows users to lend and borrow assets. Lenders receive interest on their assets while borrowers can take loans in a trustless setup regardless of their geographical location. On depositing, lenders receive transferable and tradable cTokens. COMP is the native token of Compound and is for incentivizing participation. By early February 2022, Compound had a TVL of over $6.62 billion.
Why Trade COMP With CryptoAltum?
COMP is a liquid asset and native to one of the first DeFi protocols. Given its high TVL, it is a preferred portal for lending and borrowing. COMP is also well-capitalized and ranked high in the crypto market leaderboard. COMP is now available for trading on CryptoAltum. Traders can initiate long or short positions on COMP to profit from market volatility. At the same time, they access high leverage of up to 50X. There is also a 100 percent welcome deposit bonus from all users from any location in the world.
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