Compound price and where to buy COMP

What is Compound?

Compound is one of the earliest decentralised lending protocols: users supply crypto to earn interest and borrow against their deposits. COMP is its governance token.

How to buy Compound, step by step

1. Pick an exchange. COMP is listed on every exchange we track. Compare fees, funding options and whether it serves your country in our exchange reviews.
2. Create and verify your account. Regulated exchanges ask for identity documents before you can deposit fiat.
3. Fund the account. A bank transfer or a stablecoin deposit usually costs far less than a card payment.
4. Buy COMP. Use the COMP/USDT or COMP/USD market, and check the cheapest venue in the table above first.
5. Decide where to keep it. On the exchange is simplest, but the exchange then holds your coins. COMP is a token on Ethereum, so withdrawing it costs an Ethereum network fee.

Where to buy Compound at the best price

The cheapest venue right now is marked in the table above. Add its trading fee before comparing: on COMP the venues disagree by about 0.17 percent on average, so on a small purchase the fee and the funding method usually matter more.

• The price on that venue. Each row shows the gap to our composite.
• The trading fee. Our fee comparison lists spot fees side by side.
• How you fund the account. A bank transfer or stablecoin deposit is usually far cheaper than a card payment, which often costs several percent.

Why the Compound price differs between exchanges

In our minute-by-minute measurement the gap between the highest and lowest venue averaged about 0.17 percent, against about 0.025 percent for Bitcoin. It went above half a percent in about 20 minutes out of every thousand, and reached about 1.3 percent at its widest.

Just under half of the COMP spot volume we track trades on a single venue. The spread figure at the top of this page is the live measurement; our guide on why crypto prices differ between exchanges explains the mechanism.

What moves the Compound price

The wider crypto market, and in COMP’s case its own news too. In our hourly composite, COMP moved with Bitcoin at a correlation of about 0.44, where 1 would mean identical moves, and its moves were about twice the size of Bitcoin’s.

COMP-specific drivers come on top: lending activity on the protocol, governance decisions and leverage. The funding rates on this page show whether leveraged traders are paying to be long or short right now.

Pros and cons of Compound

Pros

• Governance over a long-running lending protocol.
• Its hourly moves were closer to Bitcoin’s than most coins at this size in our data.

Cons

• One of the wider price gaps between exchanges we track, about seven times Bitcoin’s.
• It trades far below its all-time high of about $854.
• Governance tokens carry votes, not a claim on protocol revenue.

Compound’s highest price

Compound’s all-time high is about $854 on volume-weighted data. The chart above shows the last 30 days of our composite, and the COMP to USD converter applies the live price to any amount.