The post Here’s Why Compound (COMP) Price Is Up 70% Today appeared on BitcoinEthereumNews.com.

South Korean crypto exchange Upbit has made a striking announcement, catapulting the Compound (COMP) price by an impressive 70% in a single day. In a recent development, the exchange revealed the addition of Compound to the Upbit KRW market. This groundbreaking announcement has significantly impacted the Compound price, with the token now reaching a three-month high. Upbit Adds COMP, Compound Price Skyrockets In a stunning revelation, Upbit, a prominent crypto exchange, unveiled the addition of the Compound token to the Korean crypto market, effective April 1, 2025. As per the announcement, deposits and withdrawals of the Compound token will be supported only through the Ethereum network. Upbit’s announcement has sent shockwaves through the crypto market, significantly impacting trader sentiment. A notable increase of 764% in COMP’s trading volume highlights the positive momentum building around the token. Interestingly, Upbit has decided to add COMP to its trading platform amid the South Korean regulator’s increased scrutiny over the platform. In response, Upbit filed an appeal against the FIU, seeking to overturn the business suspension order. Notably, the Compound price has been fluctuating between $40 and $45 over the past week. However, following Upbit’s announcement, COMP surged to a three-month high of $71.04, marking more than a 70% uptick. How Will Upbit’s Decision Impact the Crypto Market? Upbit’s addition of COMP is poised to attract more traders and investors, thus increasing trading volume and liquidity in the market. This development comes against the backdrop of South Korea’s increased scrutiny over the crypto space. Recently, Google has banned 17 crypto exchanges, including some major players. Significantly, Upbit’s decision to list the Compound token could influence the overall crypto market. The availability of COMP in the Korean crypto market could lead to increased adoption and growth. In addition, the surge in the Compound price is…

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Filed under: News - @ April 1, 2025 12:26 pm