Compound (COMP) Price:
About Compound (COMP):
COMP is the governance token for the Compound Decentralized Finance (DeFi) protocol. DeFi networks seek to convert traditional financial systems over to decentralized versions. In this way, regular users gain a share in the profits that were once only available to large financial institutions.
Compound is an algorithmic money market protocol that lives on the Ethereum blockchain. Notably, this network is credited with starting the current DeFi craze. Compound was the first platform to introduce yield farming to the market in mid-summer 2020. Yield farming is similar to staking crypto in many ways.
To learn more visit our Investing in Compound guide.
How to Buy Compound (COMP)
Uphold – This is one of the top exchanges for United States residents that offers a wide range of cryptocurrencies including COMP. UK & European residents are prohibited.
Binance – Best for Australia, Canada, Singapore, UK and most of the world. USA residents are prohibited from buying most tokens. Use Discount Code: EE59L0QP for 10% cashback off all trading fees.
Coinbase – A publicly traded exchange listed on the NASDAQ. They accept residents from 100+ countries including Australia, Canada, Singapore, UK & the United States (excluding Hawaii).
Gate.io – This exchange was established in 2013, and is one of the more reputable exchanges to buy COMP. They accept USA residents (excluding New York & Washington State).
WazirX – This is the best exchange for residents of India.
Uphold Disclaimer: Assets available on Uphold are subject to region. All investments and trading are risky and may result in the loss of capital. Cryptoassets are largely unregulated and are therefore not subject to protection.