In a tweet earlier today, the Loopring team announced that its zero-fee promotion with Banxa has officially kicked off. Banxa is a publicly listed payment and compliance company for the digital assets space. Loopring added that the service comes ahead of its upcoming Loophead competition.
Loopring aims to build an open protocol for scalable, non-custodial, orderbook-based exchanges on Ethereum by leveraging zero-knowledge proofs. LRC, Loopring’s native token, is down by more than 6% today and is trading at $0.9340 at press time.