Compound (COMP)

What is COMP?

Compound (COMP) is an ERC-20 token used for governing the Compound protocol. The Compound protocol is a decentralized finance platform dedicated to borrowing or lending supported assets. It utilizes smart contracts to lock up collateral and generate interest based on market demand. The COMP token allows holders to vote (or delegate their voting power) on proposals for updates or changes to the Compound protocol. 

Note: Voting and delegation will not be available for COMP held in a Coinbase account.

What products support COMP?

    Send/Receive    Full Trading 
  Coinbase            ✔          ✔
  Pro           ✔          ✔

What regions support COMP?

    US  NY   EU   UK   CA/SG 
  Coinbase     ✔  ✔   ✔   ✔      ✔
  Pro     ✔   ✔   ✔      ✔

Crypto to fiat trading pairs

   US UK EU
USD   ✔  ✖️ ✖️
GBP   ✖️  ✖️
✖️
EUR   ✖️ ✖️ ✖️

Crypto to crypto trading pairs

  USDC BTC ETH
COMP      ✖️   ✔   ✖️

See the full list of countries that Coinbase supports for crypto-to-crypto trading.

How many confirmations are needed for COMP?

COMP requires 35 network confirmations. Learn about transaction confirmations.

Which blockchain network hosts COMP?

COMP is hosted on the Ethereum blockchain.

What are the minimum and maximum withdrawal amounts?

Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.  

These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.

There is a withdrawal minimum of 0.01 COMP and the maximum withdrawal limit is 4,400 to send from Coinbase to an external address.

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