Sign-up to get started
Get onboarded and start trading with as little as $50.
lrc
Loopring is a protocol built on Ethereum that enhances cryptocurrency trading by offering fast, secure, and low-cost decentralized solutions. Unlike a centralized exchange, Loopring allows users to trade crypto while retaining control of their funds.
This coin is available on Newton.
The token of the Loopring protocol, LRC, powers its ecosystem, playing a critical role in staking, reducing trading fees, and participating in governance. As the price has increased over time, it has become a popular asset within the cryptocurrency market.
Loopring uses a technology called zkRollups to process trades off-chain while ensuring decentralized on-blockchain order settlement. This innovation is often seen as reducing fees and increasing transaction speeds, which some consider appealing for traders.
It supports various trading pairs and order books, providing flexibility and efficiency in cryptocurrency trading. This design helps eliminate inefficiencies seen in traditional exchanges while delivering the advantages of decentralized finance.
Loopring is often regarded as an important part of the Ethereum ecosystem, providing a solution that integrates features of centralized exchanges with blockchain security.
Loopring works by combining the efficiency of centralized exchange order matching with the security of decentralized on-blockchain order settlement. Its technology reduces costs and increases transaction speeds without compromising user control.
The protocol uses zkRollups to batch and process transactions off-chain, which are later verified on-chain using cryptographic proofs. This innovation ensures both speed and security for users trading crypto.
Order matching occurs off-chain, where users’ buy and sell orders are matched in a faster, more efficient system. Once matched, trades are settled on the blockchain, ensuring transparency and trust.
LRC, the token of the Loopring protocol, is used to pay transaction fees and incentivize staking, ensuring smooth operation and rewarding participants. These features make it a compelling option for both traders and developers.
By addressing scalability and cost issues, Loopring offers an advanced platform for cryptocurrency trading while maintaining the core principles of decentralization.
Loopring is an Ethereum-based protocol designed to revolutionize cryptocurrency exchanges with advanced features. Here's how it operates:
The possible price of LRC is shaped by various internal and external factors within the crypto market.
The historical price of Loopring reflects its journey in the crypto market and provides valuable insights for traders.
The total market value of Loopring, consisting of over a billion tokens, is a critical factor in its trading dynamics.
Loopring is primarily used to trade crypto in a decentralized environment with lower costs and faster transactions compared to traditional platforms. Its zkRollup technology makes it ideal for those seeking efficient and secure trading options.
The protocol supports trading pairs across various order books, giving users the flexibility to engage in cryptocurrency trading without the limitations of centralized exchanges. This allows traders to maintain control of their funds throughout the process.
LRC tokens provide additional utility by reducing fees, encouraging staking, and enabling governance participation within the Loopring ecosystem. This creates incentives for both active traders and long-term holders.
Loopring’s scalability makes it suitable for use cases beyond trading, such as supporting decentralized payment systems or integrating with other DeFi applications. These features allow businesses to streamline cross-border transactions efficiently.
Its innovations in NFT trading and transfer also open doors for new markets, demonstrating how Loopring works to eliminate inefficiencies across different areas of the blockchain economy.
The history of Loopring begins in August 2017, when it was founded by Daniel Wang, a software engineer who envisioned a better way to trade cryptocurrencies. Wang, who also co-founded several companies and worked for the Chinese e-commerce giant JD.com, aimed to address the inefficiencies of traditional exchanges.
Loopring raised $45 million in an initial coin offering (ICO) during its launch, quickly gaining recognition in the cryptocurrency community. The project initially focused on decentralized order books but later pivoted to layer-2 solutions for scalability.
Its shift to zkRollups revolutionized how Loopring works, enabling fast and cost-effective decentralized on-blockchain order settlement. This marked a significant turning point in its development and adoption.
As Loopring evolved, it introduced features like the Loopring Wallet and expanded its ecosystem to make cryptocurrency trading more accessible. These innovations are frequently recognized as enhancing its influence in the DeFi space.
Today, Loopring continues to grow in market capitalization and influence, thanks to its strong community, cutting-edge technology, and vision for improving how people trade crypto.
Loopring addresses key inefficiencies in cryptocurrency exchanges through its innovative design and features.
The widespread availability of Loopring on cryptocurrency exchanges improves its accessibility and trading appeal.
Loopring’s integration with Ethereum significantly enhances its functionality and performance in the crypto market.
You can store your Loopring tokens safely on platforms like Newton or in your personal wallet. Keep an eye on the circulating supply of LRC, stay updated on the latest news, and track its market cap to watch how Loopring is performing in the ever-evolving crypto world!
Loopring (LRC) is stakeable for DEX operators, with a requirement of at least 250,000 LRC. Stakers can lower fees on the DEX, with rewards tied to protocol fees and community participation. LRC holders also influence protocol development, though earning rewards through staking ended in early 2021.
Loopring isn’t just about holding; it’s also about using it! You can spend LRC at any merchant that accepts cryptocurrency. Before making any purchase, you can check the live price of Loopring to ensure it aligns with your spending goals. It’s an easy way to make digital payments in the world of crypto.
Sending Loopring is a breeze! The decentralized exchange network ensures that you can send LRC with low fees and lightning-fast transaction speeds. Just enter the recipient's wallet address, hit send, and your LRC is on its way, benefiting from Loopring's speedy network.
Yes, you can also donate with Loopring! More and more organizations are accepting LRC donations. Simply send it to their wallet address, and you've made a contribution – quick and efficient. It’s a great way to use your crypto for good causes!
Swapping Loopring for other cryptocurrencies like Bitcoin or Ethereum is as simple as a few clicks. On platforms that support LRC swapping, you can easily trade your LRC for other digital assets, expanding your portfolio with ease and confidence.
*Newton does not currently support staking, governance, interest-earning, or other utility functions, where applicable, for this asset.
Buying Loopring directly from individuals or unregulated sources can be a bit of a gamble. Without the protections of a regulated platform, you might find yourself facing unreliable sellers or even falling victim to scams. It's always best to stay cautious and avoid risky direct transactions when it comes to cryptocurrency.
The best way to buy Loopring in Canada is through a trusted, regulated cryptocurrency platform, like Newton. It’s simple, secure, and convenient! You can fund your account with an e-Transfer or wire transfer and dive into the world of Loopring with ease. Newton offers real-time price tracking and allows you to trade several crypto assets, all while keeping things safe and sound.
Newton offers some of the best prices for Loopring in Canada, helping you get top value for your investment. Whether you’re buying or trading, you can rest easy knowing you’re getting a fair and transparent deal every time you transact.
Newton implements security measures to help keep your Loopring tokens secure. With multi-factor authentication, anti-phishing codes, and device monitoring, your assets are protected. Plus, trusted contact options and advanced security protocols add a layer of protection.
Newton makes it affordable to buy and sell Loopring, with a 1.50% - 1.60% fee. For more information about fees, see our Prices page. Newton covers up to $5 of network fees on your first daily withdrawal. For additional withdrawals, or if network fees exceed $5, the estimated network fee is confirmed prior to withdrawal.
Trade Loopring anywhere, anytime, with Newton’s cross-device accessibility. Whether you’re using your desktop at home or your phone while on the go, you can manage your crypto investments with ease, no matter where life takes you.
Navigating Newton’s platform is a breeze. With its clean, intuitive design, both new and experienced traders can easily track cryptocurrency prices, make purchases, and manage their crypto portfolios. Whether you’re on desktop or mobile, Newton offers a smooth, hassle-free experience.
Newton is proudly Canadian, designed with Canadian traders in mind. With a secure, easy-to-use platform, it’s the perfect choice for those looking to trade Loopring and other cryptocurrencies in Canada.
Begin by creating an account on Newton, one of Canada' s reliable platforms for crypto trading. After completing your registration and verification, you’ll have access to buy Loopring and a whole array of other cryptocurrencies – it’s that easy!
Once your account is set up, fund it with an Interac e-Transfer or wire transfer. Newton makes it effortless for Canadians to deposit funds in CAD, getting you all set to start trading and investing in Loopring.
Newton makes the process simple and quick once you're ready to buy Loopring – just select LRC from their list of available cryptocurrencies, check the live price movement and chart, and buy your Loopring tokens with ease.
On Newton’s platform, you’ll easily find Loopring among the many popular cryptocurrencies available. Recognized for its decentralized exchange network and scalability, LRC is often viewed as having a distinct role in the crypto space, with some considering it beneficial for traders.
Whether you want to dip your toes with a small amount or dive deep into the crypto waters with a larger investment, you can choose the amount of Loopring you want to purchase in either LRC or CAD. It’s all up to you!
Once you’ve reviewed your purchase details, hit confirm, and voilà! Your Loopring tokens will be credited to your account, ready to store, trade, or transfer. You’re all set to explore the world of Loopring!
If you’re all about privacy and full custody, you can store your Loopring tokens in a personal wallet. However, remember that keeping your private keys secure is your responsibility – lose them, and you lose access to your tokens. While personal wallets offer greater privacy, they require careful management to avoid risks.
You can store LRC safely and efficiently on Newton! Newton offers peace of mind with a secure way to store your Loopring tokens, complete with excellent security features like multi-factor authentication and trusted device management. With Newton, you can rest easy knowing your assets are protected within the platform.
Your security is important. Newton is committed to being a leader in compliance, security, and technical protocols.
For additional information and to review the risks associated with Loopring, please see our Asset Statement.
