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Loopring

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News

All the latest news about Loopring

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Indian Crypto Exchange WazirX Loses $230M in a Hack

Indian crypto exchange WazirX was the victim of a security breach and lost over $230 million, accounting for roughly 45% of its total holdings.

 Hassan Maishera

Ethereum-based ZK-Rollup Loopring Suffers a $5 Million Hack

Ethereum-based zk-rollup Loopring loses $5 million in a hack after 'Guardian' two-factor authentication service breach.

 Hassan Maishera

Loopring Allows Users to Swap Between USDC and USDT

The Loopring team announced via X on Monday that users can now swap between $USDC and $USDT with deep CEX liquidity from the security of their self-custodial wallet.

 Hassan Maishera

Trade

Find the exchange with the lowest fees, best methods for depositing or your geographical area and start trading Loopring

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Bybit

N/A
★★★★★
★★★★★
4.36 based on 4584 votes
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Binance

N/A
★★★★★
★★★★★
4.1 based on 2405 votes
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Phemex

N/A
★★★★★
★★★★★
4.02 based on 979 votes
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Spend

Want to leave your cash at home? These cards support Loopring.

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Crypto.com Visa Card

★★★★★
★★★★★
3.46 based on 783 votes
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Uphold

★★★★★
★★★★★
3.23 based on 141 votes
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Coinbase Card

★★★★★
★★★★★
3.11 based on 211 votes
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Shop

So you've made a little Loopring and now you want to spend it? These are the places to do it!

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VPS2DAY.com

★★★★★
★★★★★
4.21 based on 14 votes
Read the review Go to VPS2DAY.com

ProfitTrailer

★★★★★
★★★★★
4.17 based on 65 votes
Read the review Go to ProfitTrailer

Hodl

Find the wallet that suit your security, ease of use and anonymity needs for Loopring.

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Ledger Nano S

★★★★★
★★★★★
3.79 based on 190 votes
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SimpleHold Wallet

★★★★★
★★★★★
4.22 based on 18 votes
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CryptX Wallet

★★★★★
★★★★★
4.09 based on 23 votes
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Review

Learn more about Loopring.

When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This is a review of Loopring.

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UPDATE 28 April 2020: It has been brought to our attention that the website to this crypto project is no longer accessible. Accordingly, we suspect that this crypto project has been closed down. If you have any more information about this, please contact us and we will update this review accordingly.

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Loopring constitutes an open source protocol, not an exchange itself. The team behind Loopring have built the solution on Ethereum to support ERC-20 tokens transactions. Eventually, the goal will be to support any cryptocurrency trading pair.

By accessing multiple exchanges at once, users are able to realize liquidity many times greater than what’s available in any single exchange. Loopring will break the orders into small pieces and place them across all exchanges simultaneously. This also leads to users getting the best available price.

Loopring’s protocol can be accessed by both centralized and decentralized exchanges. It allows exchanges to fill more orders, thus leading to more profit.

Loopring protocol allows for several improvements over traditional centralized exchanges, such as:

  • High liquidity: Using a technology called ring-matching, orders can be posted on many exchanges at once. Thus, increasing liquidity on any trading pair.
  • Fairness: Loopring’s fee and discount model allows for fairness between all parties involved (Makers, Takers, Exchanges, and Miners).
  • Reduced counterparty and exchange risk: The tokens stay in the user’s wallet and are never locked by orders. They are only transferred out after the trade is executed and confirmed

Gas fee will be the primary use of the LRC token to facilitate trades and transactions on the protocol. This makes the application of the token to be more of a utility nature. Therefore, we do not really regard this token as a speculative instrument. However, we view the overall ambition of the project as a very good market fit.

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