What is the purpose of compound coin?

Compound is a platform that aims to revolutionize the way cryptocurrencies and stablecoins are borrowed, lent, and traded. By eliminating the need for intermediaries, it seeks to foster an environment where users can engage in financial transactions directly with each other.

BTCC, a leading cryptocurrency exchange, offers a range of services that complement the offerings of Compound. These services include spot trading, futures trading, and cryptocurrency wallets, among others. By integrating with BTCC, Compound users can access a wider range of financial services and tools, enhancing their overall experience on the platform.

The platform's primary objective is to create an open and transparent financial marketplace, allowing participants to access a range of financial services without restrictions. This approach promotes accessibility and fairness, ensuring that everyone has an equal opportunity to participate.

On Compound, users can borrow funds against their cryptocurrency holdings, leveraging their assets to access liquidity when needed. At the same time, those with excess capital can lend their funds to borrowers, earning interest in the process.

The platform's peer-to-peer model encourages direct interaction between users, fostering a sense of community and trust. This, in turn, leads to more efficient and effective financial transactions, as users can negotiate directly with each other, without the involvement of third-party intermediaries.