Loopring Price for today is $0.161. Its current circulating supply is LRC 1,374,513,896.69 with a market cap of $184,765,939.26.
24h % PRICE
7d % PRICE
Loopring is a decentralized platform that allows users to move cryptocurrencies across exchanges. The protocol in itself is not a decentralized exchange. Instead, it matches orders to enable a decentralized asset transfer. Essentially it is a non-custodial order book that runs on the Ethereum blockchain. The platform pools orders from multiple platforms, centralized and decentralized, and then matches them with participants in the protocol. Using Loopring comes with a benefit of higher liquidity.
For crypto investors, Loopring allows them to access the best possible prices without having to manually check different places. It is also important to note that Loopring is blockchain agnostic, and anyone with an implementable smart contract can integrate it into the Loopring protocol.
To keep the network functional, Loopring has miners who ensure that all orders are filled or that they get canceled when there is a need to cancel. These miners are paid in LRC, the native token of the ecosystem. They can then change them to any other crypto or fiat using an Loopring converter such as ChangeNOW. Here the process of LRC exchange won’t take long and will be performed at most advantageous rates.
One of the protocol's main features is security. The project is open-source and non-custodial. As such, crypto-assets remain fully under the control of the person looking to perform Loopring exchange. It is one of the features that makes it attractive.
Another Loopring feature is throughput. Loopring is highly scalable and uses a batch-processing approach that allows for thousands of off-chain transactions. The transactions are done using ZKPs for verifiability in execution. The project also allows for low-cost transactions because transactions can be settled outside the Ethereum network, hence cutting on gas costs.
Sometimes you need a way to exchange Loopring to other coins, or cash. The transaction can be for trading, or to get money for whatever reason. To convert LRC, you need a service that is fast, easy to use and has low fees. Try using ChangeNOW.io as your personal LRC converter as it offers all of that, and you can exchange LRC without registration and with no upper limit.