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News

All the latest news about Loopring

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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

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

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

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
4.38 based on 4423 votes

Binance

N/A
4.09 based on 2285 votes

SimpleSwap

N/A
4.08 based on 338 votes

Spend

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

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Crypto.com Visa Card

3.45 based on 685 votes

Binance Card

3.29 based on 354 votes

Uphold

3.08 based on 120 votes

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

4.67 based on 9 votes

ProfitTrailer

4.15 based on 62 votes

Hodl

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

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Ledger Nano S

3.76 based on 184 votes

SimpleHold Wallet

4.2 based on 10 votes

CryptX Wallet

4.06 based on 17 votes

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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