LRC Loopring Prices, Charts and Graphs | Coinread
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LoopringLRC#119

$0.38
-11.88% (-$0.051, 24H)
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  • Market Cap$498,884,310
  • Volume (24H)$64,633,606
  • Circulating Supply1,322,122,553
  • Max Supply1,374,513,896
  • High (24H)$0.45
  • Low (24H)$0.37
  • Change (1H)-0.63%
  • Change (7D)-13%
  • Change (1M)8.26%
  • Change (1Y)165.29%

Founded by Daniel Wang in 2014, Loopring (LRC) is a decentralised exchange built on Ethereum. As well as its own exchange protocol, the platform features the ‘automated exchange system’, meaning that users do not have to input their orders manually, and can easily trade various assets with any platform that uses smart contracts. What separates Loopring from many other exchanges is its ‘ring matching’ system: by grouping transactions into ‘rings’, instant transactions are enabled for multiple users — that is, the number of parties involved does not have to be limited to two. Additionally unique to Loopring is its order sharing function, which means that if an order cannot be completed in a single trade, it is ‘broken’ into smaller units and passed on to subsequent order rings, until the trade is ultimately fulfilled. With Loopring, traders do not have to face the security risks; tokens stay in the user’s blockchain address while the transactions are processed, which improves transparency as well as security.

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