Compound (COMP) Crypto Exchange
Instantly exchange Compound at the best COMP exchange rate on ChangeNOW. Free of limits, accounts, and worries. Spend your time and energy on what matters — we’ll handle the rest.
Top cryptocurrencies to exchange with Compound
Compound Price live, Cryptocurrency Compound Price (USD), Market Cap and Supply
Compound Price for today is $54. Its current circulating supply is comp 10,000,000 with a market cap of $392,401,852.73.
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What is Compound (COMP)
Compound (COMP) is a decentralized, Ethereum-based lending platform that supports multiple cryptocurrencies. It was founded in 2017 in San Francisco by two entrepreneurs, Robert Leshner and Geoffrey Hayes. As long as a user holds crypto the protocol supports, they can earn interest by lending once another user borrows the said crypto.
When someone deposits a crypto asset into one of the Compound’s lending pools, it's exchanged into native assets called COMP or cTokens (cETH, cBAT, cDAI) and sent to the lender. For instance, if a user deposits Ethereum, it is automatically converted into an equal amount of cETH. The said cETH is then used as collateral when a borrower wants to take out a loan and earns interest when lending. Forces of demand and supply determine the platform’s interest rates for borrowing and credit. If there are a high number of people looking to lend, the smart contract lowers the rates, which attracts more borrowers and vice versa. COMP tokens can be used to both vote on proposals and to assign voting rights to other users to vote for you.
In June of 2020, the team behind the Compound platform announced that they have finished the core work on the protocol. Such a milestone also meant that Compound Labs, which up to that point played a central role in protocol development, was stepping back and allowing the project’s community to take over its governance.
Compound - USD Exchange
Compound is a promising cryptocurrency, and it uses a blockchain that will revolutionize online payments. Owning or trading COMP is in demand, and ChangeNOW promises fast and secure COMP to USD transactions. It will take place with the best possible rates, and there is no need to worry about hidden costs.
Compound Exchange Advantages on ChangeNOW
- ChangeNOW cares about your privacy and security. We are a non-custodial service, and we never control, store, or hold your funds in any way.
- The average transaction doesn't take more than two minutes, and we aim to reduce the times further in the future.
- ChangeNOW is a versatile service that adapts to the crypto market. We add new and upcoming cryptocurrencies regularly and follow new trends.
- There is no need to register or provide any personal info for exchanging crypto. ChangeNOW simply needs your wallet data for sending the funds, and that's it!
- Our service works no matter how large is the amount involved.