Coins: 10053 Exchanges: 946 Market Cap: $1,225,562,243,650 1.25% 24h Vol: $48,208,812,807.548 Dominance: BTC 46.65%, ETH 18.33%
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Compound Coin price

Compound Coin Price (COMP)

$0.00000408

0.59%
Rank #8939

Compound Coin Price Chart (COMP/USD)

Last updated 15 Jun 2022, 20:38PM UTC. Currency in USD.

Markets
# Exchange Pair Price Spread Volume(24h) Trust
1 Binance COMP / USDT $62.75 0.02% $34,093,153
2 P2PB2B COMP / USDT $62.93 0.16% $11,816,787
3 Huobi Global COMP / USDT $62.79 0.08% $11,035,221
4 OKX COMP / USDT $63.17 0.08% $4,884,604
5 Coinbase Exchange COMP / USD $62.72 0.08% $4,187,095
6 BTSE COMP / USD $62.94 0.27% $3,417,347
7 CoinW COMP / USDT $62.84 0.13% $3,306,007
8 Phemex COMP / USDT $62.83 0.05% $3,126,864
9 Digifinex COMP / USDT $62.67 0.02% $3,043,617
10 Tidex COMP / USDT $62.85 0.44% $3,018,174
11 Bitget COMP / USDT $66.47 0.21% $2,830,419
12 BtcTurk PRO COMP / TRY $63.70 0.16% $2,700,781
13 Binance COMP / BUSD $62.78 0.03% $2,669,107
14 Toobit COMP / USDT $67.09 0.06% $2,476,686
15 Bitrue COMP / USDT $63.84 0.05% $2,022,268
16 GokuMarket COMP / BTC $46.24 0.04% $1,979,780
17 Bitvavo COMP / EUR $62.94 0.22% $1,558,797
18 WhiteBIT COMP / USDT $62.80 0.03% $1,347,094
19 Pionex COMP / USDT $66.84 0.04% $1,217,478
20 Binance COMP / BTC $68.20 0.04% $1,191,571
21 Dex-Trade COMP / USDT $62.82 0.14% $1,173,863
22 KuCoin COMP / USDT $63.86 0.13% $1,085,319
23 Bybit (Spot) COMP / USDT $62.82 0.08% $996,600
24 LBank COMP / USDT $63.04 0.06% $915,657
25 BitMart COMP / USDT $65.08 0.14% $758,547
26 Bithumb COMP / KRW $63.46 0.18% $747,561
27 Fameex COMP / USDT $62.73 0.06% $708,790
28 Tidex COMP / BTC $62.82 0.07% $657,359
29 Kraken COMP / USD $62.98 0.06% $629,014
30 Bit.com COMP / USDT $43.91 0.16% $589,046
31 BingX COMP / USDT $62.88 0.13% $584,911
32 P2PB2B COMP / USD $62.96 0.32% $560,938
33 Coinsbit COMP / USDT $63.09 0.12% $501,311
34 Kraken COMP / EUR $62.59 0.09% $492,235
35 BtcTurk PRO COMP / USDT $63.00 0.17% $421,700
36 Gate.io COMP / USDT $62.80 0.14% $418,062
37 Tidex COMP / BUSD $62.87 0.31% $348,673
38 Deepcoin COMP / USDT $62.70 0.03% $337,795
39 AscendEX (BitMax) COMP / USDT $62.68 0.79% $296,358
40 Coinbase Exchange COMP / BTC $62.74 0.19% $292,626
41 Bitkub COMP / THB $62.36 0.26% $235,982
42 BTC-Alpha COMP / USDT $45.55 0.59% $208,466
43 MEXC Global COMP / USDT $62.82 0.06% $186,716
44 OKX COMP / BTC $64.48 0.29% $179,565
45 Oceanex COMP / USDT $54.63 0.04% $153,902
46 QMall COMP / USDT $62.76 0.22% $153,815
47 Oceanex COMP / BTC $54.63 0.07% $152,496
48 XT.COM COMP / USDT $41.13 2.42% $148,549
49 Upbit COMP / BTC $62.83 0.55% $146,227
50 WOO Network COMP / USDT $62.88 0.16% $137,654

COMP Price Statistics

$0
24H Range
$0
  • Compound Coin Price Now $0
  • 24h Low / 24h High $0 / $0
  • Trading Volume $1
  • Market Cap Rank #0
  • Market Cap $0
  • Volume / Market Cap 0.0000
  • All-Time High $0 -99.21%
    Feb 18, 2021
  • All-Time Low $0 97,050.73%
    May 05, 2022
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The Compound Cryptocurrency: Revolutionizing the DeFi Space


Introduction


Cryptocurrencies have become a hot topic in recent years, captivating both investors and tech enthusiasts. Among the myriad of digital assets, Compound stands out as a revolutionary project within the decentralized finance (DeFi) space. In this article, we will delve into the key features and functionalities of Compound cryptocurrency and explore its significance in the world of finance.

Understanding Compound


Compound is an Ethereum-based lending and borrowing protocol that operates entirely on blockchain technology. It eliminates the need for traditional intermediaries, such as banks, by directly connecting lenders and borrowers through smart contracts. This decentralized approach provides users with more control over their funds and eliminates unnecessary fees and delays.

How Does Compound Work?


Utilizing blockchain technology, Compound enables users to lend or borrow various cryptocurrencies. By depositing assets into the protocol, individuals can earn interest on their holdings. Additionally, borrowers can access these deposited assets as collateral to obtain loans from the Compound network. The interest rates and borrowing limits are determined algorithmically based on the demand and supply of each cryptocurrency within the ecosystem.

The Role of COMP


At the heart of the Compound protocol lies its native cryptocurrency, COMP. COMP serves multiple purposes, including governance and rewards. Holders of COMP can propose and vote on changes to the protocol's parameters, essentially shaping its future development. Furthermore, users who provide liquidity to the Compound platform are rewarded with COMP tokens, offering additional incentives to participate and contribute to the ecosystem.

Advantages of Compound


Compound introduces several advantages over traditional financial systems. Firstly, it facilitates permissionless lending and borrowing, allowing anyone with an internet connection to participate. This inclusivity eliminates barriers and opens up opportunities for individuals previously excluded from financial services. Secondly, the automation of Compound's platform reduces the reliance on intermediaries and eliminates human error. This ultimately enhances the overall efficiency and security of transactions.

Challenges and Future Potential


While Compound has witnessed immense growth, it is not without its challenges. As a relatively new player in the market, it still faces scalability issues and must address potential vulnerabilities within the protocol. Nevertheless, if successful, Compound has the potential to revolutionize lending and borrowing on a global scale, reshaping the way we think about traditional finance.

Conclusion


Compound cryptocurrency has emerged as a game-changer in the realm of decentralized finance. With its innovative approach to lending and borrowing, and the use of smart contracts, Compound provides users with greater accessibility, transparency, and efficiency. As the project continues to evolve, it will be fascinating to witness its impact on the broader financial landscape, potentially ushering in a new era of decentralized financial services.