Loopring
About Loopring
Loopring (LRC) is a Layer 2 protocol built on Ethereum that allows the development and launch of full-blown Decentralized Exchanges (DEXs). Backed by the Shanghai-based Loopring Foundation, its vision is to create the go-to blockchain platform that combines the best of centralized exchanges, such as an order book, and the most popular features of decentralized exchanges, such as non-custodial transactions, into one efficient ecosystem. Loopring aims to provide a fully transparent environment for its users, where funds are not held by the exchange in between trades, but rather kept directly at users until the points of completion. Loopring is governed by its Decentralized Autonomous Organization (DAO) which uses the ERC-20 based LRC tokens as the basis for voting rights. Additionally, LRC holders can delegate their tokens and provide liquidity to Loopring, to then get compensated proportionally to their staked funds.
In the last hour, Loopring's price has seen a change of -1.30%, and over the past 24 hours, its price has moved by +2.43%. Over the previous week, Loopring's price has moved by +6.34%. The current price of Loopring is BHD 0.003612, accompanied by a trading volume of 710.7k in the last day. Loopring's price is currently 99.75% below its all-time high of BHD 1.4434, which remains the highest price Loopring has achieved since its launch. The circulating supply of Loopring stands at 1.368B, translating to a total market capitalization of 4.943M.
Market stats
Frequently asked questions
How to invest in Loopring?
Rain offers you a number of ways to start investing in Loopring, including buying Loopring through bank transfers or by using your bank card. To purchase Loopring on Rain, you can select Loopring in your Rain account, then click Trade and select Buy. Enter the amount you wish to buy and click Next to review and confirm your purchase.
How to buy Loopring with card?
Once you add your bank card to your Rain account, you can use it to buy Loopring directly. You can start by adding your card to your payment options on your Rain account. To purchase Loopring using your bank card, you can select Loopring, click Trade then select Buy. Enter the amount you wish to buy and choose your card from the payment options. Click Next to review and complete your purchase by following the instructions on the screen.
note: The purchase option with debit or credit card is not available for our users in Turkey
How to buy Loopring through bank deposit?
Rain enables you to buy Loopring using your local currency. You can deposit funds through bank transfer, a process which takes 1-4 business days depending on your location. You can start by depositing funds to your Rain account from your bank account. Simply click on Deposit and enter the amount you would like to transfer. Click next and copy the instructions that will appear on your screen to complete the transfer from your bank account. Note that Rain does not automatically pull funds from your bank account and you will need to manually transfer the funds from your bank account to Rain's banking information.
Within 1-4 business days, the funds will be available in your Rain account and you will be able to use them to complete purchasing Loopring. To do that, you can select Loopring in your Rain account, click Trade and select Buy. Enter the amount you wish to buy with and click Next to review and confirm your purchase.
How to sell Loopring?
This is an easy process that requires only a few clicks. Here are the steps needed to sell Loopring successfully:
On your Rain account, select Loopring then click Trade and select Sell. Enter the amount you wish to sell and click Next to review and confirm your sell transaction by entering an OTP. You will receive a confirmation email once the transaction is done with the details.
How to convert Loopring into cash?
Rain gives you the opportunity to sell Loopring and withdraw your funds from your Rain account to your local bank account. First, you need to add your personal bank account to your Payment Methods option on your Profile.
Once your bank account is added, you can sell Loopring and withdraw the funds to your bank account by clicking on Withdraw and entering the amount you wish to withdraw. Click Next to review and confirm your withdrawal information by entering an OTP.
Once the withdrawal request is submitted, you will receive a confirmation email that the withdrawal is being processed. Processing your withdrawal request can take between 1-4 business days.
How to receive Loopring?
If you would like to receive Loopring in your Rain account, simply click on Receive and select Loopring from the list at the top of the page. You can then either copy the address visible at the botom of the screen or share the QR code to to complete your receive transaction.
Make sure that you are using the correct network when receiving Loopring to avoid possible loss of funds.
How to send Loopring?
You can easily send your Loopring from your Rain account to any external wallet by clicking on Send and selecting Loopring from the list at the top of the page. Enter the amount you wish to send and add the external wallet address you are sending to. Click Next to review and confirm your send transaction by entering an OTP.
Why buy Loopring with Rain?
When you buy Loopring with Rain, you ensure that your assets are going to be safely stored on a regulated platform that follows strict compliance standards and is subject to periodic audits. Rain also uses bank-grade security measures like Cold Storage systems. Trading and storing Loopring on Rain also means that your asset is going to be stored on 1:1 basis, which means your assets will always be available to you.
What is a Loopring wallet?
A Loopring wallet is where you can securely store Loopring. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.
What is a Loopring address?
A Loopring address is a string of unique characters that is tied to your Loopring wallet. The address functions just like a bank account number and it is what you use in order to send Loopring from your wallet, or to receive Loopring to your wallet.
What trading pairs available for Loopring?
There are over 200 currency pairs available on Rain for you to trade with. You can trade Loopring with Bahraini dinar, Kuwaiti dinar, Emirati dirham, Omani rial or US dollar, depending on your location. Additionally, you can swap Loopring with 200 other assets like BTC, LTC, XRP, ETH. You can explore your options by visiting the market page on your Rain account: https://www.rain.com/market
What is the minimum order size to buy Loopring?
You can trade Loopring with any amount above $30 or equivalent in your account's currency. You can start trading Loopring now by clicking the Trade button on your Rain account.
What are the most popular cryptocurrencies besides Loopring?
Besides Loopring, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.
What blockchain is Loopring built on?
Loopring is built on the ETH blockchain. This determines how transactions are verified, fees are structured, and how compatible it is with wallets and other decentralized applications (dApps).
How do I keep my Loopring safe?
To keep your Loopring safe, make sure to use trusted wallets that support ETH. Enable two-factor authentication (2FA), store long-term assets in cold wallets, and never share your private keys with anyone. You can always refer to our Security & Policies section for more tips.
What will the price of Loopring be in next 5 years?
Price predictions for Loopring over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.
Is trading Loopring taxable?
Trading Loopring may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.
What is Loopring's ATH?
Loopring’s all-time high (ATH) was BHD 1.4434 on 10 Nov 2021. This represents the highest recorded market price of the asset to date.
What is the market cap of Loopring?
With a market capitalization of 4.943M, Loopring is ranked 411 among other crypto assets.
What is the all-time high of Loopring?
The highest valuation of Loopring since its launch was at BHD 1.4434, marking its all-time high.
What is the 24-hour trading volume of Loopring?
The trading activity of Loopring over the last 24 hours was at 710.7k, highlighting its liquidity in the market.
How many Loopring are there in circulation?
There are approximately 1.368B units of Loopring currently in circulation, affecting its market dynamics.
What is the relative popularity of Loopring?
Loopring market cap is around 4.943M.
When was Loopring created?
Loopring was introduced on 01 Aug 2017.
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