The OKEx cryptocurrency exchange has now launched a new feature for COMP DeFi staking. The service will go live on August 16, 2021, at 10:00 UTC. This feature will allow users to place COMP staking on the DeFi network.
To access this feature, users will first have to go to the OKEx homepage. From there, customers have to go to the ‘Finance’ tab, where a drop-down menu will appear. They will then have to select the ‘Earn’ option. On the ‘earn’ webpage, traders will have the option to choose COMP. Users can choose staking from there and subscribe to the amount they wish to stake.
The COMP staking option is also available on the OKEx mobile app. Users will have to select the ‘Earn’ tab. From there, they will be able to scroll through features to find the COMP option. The rest of the process is similar to that of the website. Users will be able to choose the exact amount they want to stake on COMP. But OKEx works only using DeFi third-party protocols and does not take responsibility for any loss of assets through hacking, bankruptcy, or other reasons.
OKEx is a crypto exchange Germany that has been in operation since 2014. The exchange is based out of Malta. It was initially started in Hong Kong but later shifted base to Malta due to the Maltese government’s crypto-friendly attitude. Users can use the platform to buy and sell cryptocurrencies and exchange ICO tokens. OKEx also has its own digital token called the OKB. Over 500 different currency pairs can be traded through the OKEx exchange. At present, OKEx services are available in nearly 100 countries all over the world.
For additional information about the exchange, read an OKEx review to find the trading fees and supported currencies and countries on the exchange.