Loopring

Name: Loopring
Brand: Cryptocurrency
SKU: LRC
Price: 0.09156632573866325378 GBP
Availability: InStock

LRC

Explore Loopring

Create a Coinbase account to buy and sell Loopring and start your crypto journey!

Buy Loopring

Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

•

Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

•

Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

•

Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

•

Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

About Loopring

Loopring is an Ethereum token that describes itself as “an open-sourced, audited, and non-custodial exchange protocol.” It aims to allow anyone to build non-custodial, order book-based exchanges on Ethereum by leveraging zero-knowledge proofs.

Resources

Loopring (LRC) is an Ethereum-based cryptocurrency token that forms part of an open protocol designed for the construction of decentralized crypto exchanges. The protocol aims to amalgamate the benefits of centralized order matching with decentralized on-blockchain order settlement, creating a hybrid product that aims to incorporate aspects of both centralized and decentralized exchanges. The LRC tokens were first made available to the public during an initial coin offering (ICO) in August 2017, and the Loopring protocol was first deployed on Ethereum mainnet in December 2019.

Loopring operates by combining elements of centralized and decentralized cryptocurrency exchanges to create a protocol that aims to utilize their advantages and eliminate inefficiencies. The protocol manages orders in a centralized manner but settles the trades on-blockchain. It also combines up to 16 orders into circular trades instead of allowing strictly one vs. one trading pairs. This approach aims to increase the efficiency of order execution and enhance the liquidity of decentralized exchanges. The issuance of LRC tokens is governed by the smart contracts that comprise the Loopring Protocol. Nodes on the Loopring network are rewarded in LRC tokens for combining individual orders into order rings, maintaining public order books and trade history, and in some cases broadcasting orders to other relays.

Loopring's primary use case is to provide a platform for the building of decentralized crypto exchanges. By combining the advantages of centralized and decentralized exchanges, Loopring aims to offer streamlined and clear trading experience. The protocol's hybrid approach seeks to eliminate the custodial and transparency risks associated with centralized exchanges, while also addressing the efficiency and liquidity issues often associated with decentralized exchanges. Furthermore, Loopring's protocol allows for the creation of circular trades, which can potentially enhance liquidity and order execution efficiency.

Loopring was founded by Daniel Wang, a software engineer and entrepreneur based in Shanghai, China. Wang has held multiple managerial and executive positions in major tech companies, including Google and the Chinese e-commerce giant JD.com. He has also co-founded several companies, including the cryptocurrency services firm Coinport Technology Ltd. The LRC tokens were first made available to the public during an initial coin offering (ICO) in August 2017. The Loopring protocol was first deployed on Ethereum mainnet in December 2019. Since its inception, Loopring has been aiming to improve the cryptocurrency trading experience by combining aspects of both centralized and decentralized exchanges.

Get up to $200 for getting started

Earn free crypto after making your first purchase. Terms apply.

Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.

Market

United Kingdom Market stats

Market cap

£125.4M

Volume (24h)

£8.3M

Circulating supply

1.4B LRC

Typical hold time

38 days

Popularity

#266

All time high

£2.36

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom Market performance

Price change (1h)

+1.45%

Price change (1d)

+8.9%

Price change (1w)

-4.78%

Price change (2w)

-7.51%

Price change (1m)

-5.07%

Price change (1y)

-49.65%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Related Assets

Discover conversions

A selection of conversions from different assets to top cryptocurrencies.

AST - ROSE

ETH - ZRX

DEGEN - BNX

PLU - FLZ

A selection of conversions for different assets and currencies.

SAND - MOP

The Sandbox - Macanese Pataca

GNO - TOP

Gnosis - Tongan Paʻanga

SHPING - BND

SHPING - Brunei Dollar

COW - ZAR

CoW Protocol - South African Rand

GODS - CRC

Gods Unchained - Costa Rican Colón

HIGH - OMR

Highstreet - Omani Rial

ALEPH - BBD

Aleph.im - Barbadian Dollar

METIS - PEN

Metis - Peruvian Sol

OXT - BAM

Orchid - Bosnia and Herzegovina Convertible Mark

SAFE - SSP

Safe - South Sudanese Pound

INDEX - NPR

Index Cooperative - Nepalese Rupee

SNX - GYD

Synthetix Network Token - Guyanese Dollar

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Bitcoin

Ethereum

Tether

Solana

USDC

XRP

Dogecoin

Cardano

SHIBA INU

Avalanche

Chainlink

Bitcoin Cash

Recently added

A selection of the most recently added cryptocurrencies.

io.net

Degen

Comparable market cap

Of all the assets on Coinbase, these 12 are the closest to Loopring in market cap.

Basic Attention Token

Moonbeam

SafePal

Aleph Zero

VeThor Token

Golem

MAGIC

Qtum

Dash

Decentralized Social

Echelon Prime

Advanced trading

Here is a selection of spot and futures markets that people watch

BTC Futures

ETH Futures

YFI-BTC

WBTC-BTC

ETH-BTC

LSETH-ETH

SOL-ETH

CBETH-ETH

BTC-USDC

ETH-USDC

BTC-USDT

ETH-USDT

Discover more assets

A selection of other relevant cryptocurrencies

NKN

Chiliz

Arcblock

Propy

Forta

Karrat

Liquity

DIMO

Arkham

SushiSwap

Ribbon Finance

1inch

Social

Some highlights about Loopring on social media

8,760 unique individuals are talking about Loopring and it is ranked #601 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Loopring has an average sentiment score of 3.4 out of 5. Finally, Loopring is becoming more newsworthy, with 0 news articles published about Loopring. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Loopring. There were 67.14% of tweets with bullish sentiment compared to 6.83% of tweets with a bearish sentiment about Loopring. 26.03% of tweets were neutral about Loopring. These sentiments are based on 850 tweets.

On Reddit, Loopring was mentioned in 0 Reddit posts and there were 0 comments about Loopring. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

Overview

Contributors

8,760 people

Posts

722 posts

Dominance

0.04%

Volume rank

#601

Average Sentiment

3.4 out of 5

Twitter

Tweet Count

850 people

Sentiment

67.14%

Bullish

26.03%

Neutral

6.83%

Bearish

Loopring Calculator

How much is 1 LRC?

Conversion Table

LRC/USD (United States Dollar)

$0.12

LRC/CAD (Canadian Dollar)

CA$0.16

LRC/GBP (British Pound)

£0.0916

LRC/JPY (Japanese Yen)

¥18.15

LRC/INR (Indian Rupee)

₹9.99

LRC/BRL (Real)

R$0.69

LRC/EUR (Euro)

€0.11

LRC/NGN (Nigerian Naira)

NGN 197.24

LRC/KRW (South Korean Won)

₩164.68

LRC/SGD (Singapore Dollar)

S$0.16

Loopring is on the decline this week.

The price of Loopring has increased by 1.45% in the last hour and increased by 8.90% in the past 24 hours. Loopring’s price has also fallen by 4.78% in the past week. The current price is £0.0916 per LRC with a 24-hour trading volume of £8.30M. Currently, Loopring is valued at 96.12% below its all time high of £2.36. This all-time high was the highest price paid for Loopring since its launch.

The current circulating supply of Loopring is 1,366,806,970.189 LRC which means that Loopring has as total market cap of 1,366,806,970.189.

FAQ

What is the current price of Loopring?

We update our Loopring to GBP currency in real-time. Get the live price of Loopring on Coinbase.

What is the market cap of Loopring?

The current market cap of Loopring is £125.36M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Loopring?

The all-time high of Loopring is £2.36. This all-time high is highest price paid for Loopring since it was launched.

What is the 24 hour trading volume of Loopring?

Over the last 24 hours, the trading volume of Loopring is £8.30M.

What other assets are similar to Loopring?

Assets that have a similar market cap to Loopring include Basic Attention Token, Moonbeam, SafePal, and many others. To see a full list, see our comparable market cap assets.

How many Loopring are there?

The current circulating supply of Loopring is 1.4 billion.

What is the typical holding time of Loopring?

The median time that Coinbase customers hold Loopring before selling it or sending it to another account or address is 38 days.

What is the relative popularity of Loopring?

Loopring ranks 37 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Loopring?

Currently, 95% of Coinbase users are buying Loopring. In other words, 95% of Coinbase customers have increased their net position in Loopring over the past 24 hours through trading.

Can I buy Loopring on Coinbase?

Yes, Loopring is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Loopring guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.