New ERC-20 tokens now available for trading on CoinJar!
We’re excited to welcome the following ERC-20 tokens COMP, LINK, MKR and OMG to the CoinJar lineup!
From today, DeFi tokens: COMP, LINK and MKR, as well as a different type of ERC-20 token, OMG, are now available to buy and sell through the CoinJar platform, joining our already great line up of digital currencies that members can send, receive and store using CoinJar.
These tokens have also been added to the CoinJar Universe Bundle, however this will not impact previous bundle purchases.
Compound (COMP) is the governance token for the Compound lending platform intended to create functioning money markets for Ethereum assets. Users can deposit ERC-20 tokens and receive representative cTokens which allow them to earn interest while also being able to use those funds in other applications.
Chainlink (LINK) is the digital token of the decentralised ChainLink network which aims to create tamper-proof smart contracts and provide reliable, real-world data to these smart contracts. The network uses oracles who bridge the blockchain smart contracts and external data sources.
Maker (MKR) is the governance token underpinning the stablecoin DAI on the protocol of MakerDAO and users who hold MKR are able to manage the project through voting and polling.
OMG Network (OMG) aims to simplify movement of assets and funds between competing payment platforms by serving as platform-agnostic leverage.
COMP, LINK, MKR and OMG will not be available on CoinJar Exchange at launch and will come later this month.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high‑risk investment and you should not expect to be protected if something goes wrong. Take 2 minutes to learn more: www.coinjar.com/uk/risk-summary.
Cryptoassets traded on CoinJar UK Limited are largely unregulated in the UK, and you are unable to access the Financial Service Compensation Scheme or the Financial Ombudsman Service. We use third party banking, safekeeping and payment providers, and the failure of any of these providers could also lead to a loss of your assets. We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets. Capital Gains Tax may be payable on profits.
CoinJar’s digital currency exchange services are operated in Australia by CoinJar Australia Pty Ltd ACN 648 570 807, a registered digital currency exchange provider with AUSTRAC; and in the United Kingdom by CoinJar UK Limited (company number 8905988), registered by the Financial Conduct Authority as a Cryptoasset Exchange Provider and Custodian Wallet Provider in the United Kingdom under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended (Firm Reference No. 928767).