COMP, a governance token issued by Compound, is now traded at Binance since June 25th.
The pairs traded at Binance are COMP/BTC, COMP/BNB, COMP/BUSD and COMP/USDT, and COMP deposit has already started.
The COMP issued by Compound was also announced on the listing of Coinbase, and the price temporarily soared to nearly $400, but after listing on Coinbase, the price dropped to nearly $200.
Overseas, a large number of COMPs were put up for sale at the time of listing on Coinbase. In addition, since it exceeded the total number of COMPs currently being farmed, it was also suspected that they belonged to investors.
The DeFi Governance Token has triggered another trend of cryptocurrency market.