Loopring Logo

Loopring

News

All the latest news about Loopring

See all news

This Week In Token News, 27th of January

Let’s take a look at the most read token and coin news from this week on Cryptowisser, including DeFi protocol Woo Network, DEX protocol Loopring Partners and web3 game PlanetIX.

 Hassan Maishera

Loopring Announces A Partnership With Protocol Gemini

The Loopring team announced via Twitter on Monday that it has partnered with Protocol Gemini to bring its immersive Web3 games to Ethereum L2.

 Hassan Maishera

Loopring Experiences A DDoS Attack

The Loopring team announced via Twitter on Friday that it experienced a distributed denial-of-service attack (DDoS).

 Hassan Maishera

Trade

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

See all exchanges

Binance.US

N/A
★★★★★
★★★★★
5 based on 4 votes
Read the review Go to Binance.US

Bybit

N/A
★★★★★
★★★★★
4.38 based on 4433 votes
Read the review Go to Bybit

Binance

N/A
★★★★★
★★★★★
4.09 based on 2299 votes
Read the review Go to Binance

Spend

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

See all cards

Crypto.com Visa Card

★★★★★
★★★★★
3.45 based on 691 votes
Read the review Go to Crypto.com Visa Card

Binance Card

★★★★★
★★★★★
3.29 based on 356 votes
Read the review Go to Binance Card

Uphold

★★★★★
★★★★★
3.07 based on 121 votes
Read the review Go to Uphold

Shop

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

See all merchants

VPS2DAY.com

★★★★★
★★★★★
4.67 based on 9 votes
Read the review Go to VPS2DAY.com

ProfitTrailer

★★★★★
★★★★★
4.15 based on 62 votes
Read the review Go to ProfitTrailer

Hodl

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

See all wallets

Ledger Nano S

★★★★★
★★★★★
3.77 based on 185 votes
Read the review Go to Ledger Nano S

SimpleHold Wallet

★★★★★
★★★★★
4.2 based on 10 votes
Read the review

CryptX Wallet

★★★★★
★★★★★
4.06 based on 18 votes
Read the review

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.

***

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.

***

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.

***