eToro Loopring Trading

How to Trade LRC on eToro?

Using eToro's platform, you can buy and sell Loopring's LRC token, copy top crypto traders, and invest with as low as $10.

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Price History of Loopring

The Ultimate Guide to Trading Loopring With eToro

Built on top of the mainchain of Ethereum, Loopring is a Layer-2 scaling protocol that allows the creation of decentralized exchanges that competes with other centralized exchanges with a lightning speed performance. Loopring's network can process up to a thousand more trades per second than Ethereum with each trade costing only a small percentage of a cent.

In simple explanation, Loopring looks to encourage a worldwide network of users to use a platform that allows the creation of additional crypto asset exchanges.

Table of Contents

  1. History of Loopring
    Who invented Loopring? (36sec)
  2. What is Loopring's Native Token?
    The token tied to the Loopring network (16sec)
  3. Loopring Price History
    LRC historical data (8sec)
  4. How Does Loopring Work?
    How do you use Loopring? (52sec)
  5. Use of the LRC Token
    What are the functions of this token? (21sec)
  6. LRC in Circulation
    How many Loopring coins are there? (6sec)
  1. Loopring in a Nutshell
    Loopring in just a few words (25sec)
  2. Loopring Forecast
    Will LRC coin go up? (12sec)
  3. How to Buy Loopring?
    Where to purchase the token? (20sec)
  4. How to Trade Loopring (LRC) on eToro?
    Beginner's step-by-step guide (15sec)
  5. Loopring Price
    How much is 1 LRC? (14sec)
  6. Is Loopring a Good Investment Now?
    Is it worth investing in Loopring? (27sec)

Sign-up now to begin trading Loopring!

Due to its rapid growth, the crypto market provides investors with opportunities to profit despite the risk involved. When you are knowledgeable about how to pick the right cryptos, you may find that crypto trading with eToro is a profitable investment option. The best way to start is by clicking the button below.


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History of Loopring

Daniel Wang, a Software Engineer graduate of master’s in computer science from Arizona State University and former Google software engineer, founded Loopring (LRC) in 2017.

Loopring undergone an initial coin offering (ICO) in August 2017 raising more than $45 million. However, due to China's strict regulations, the funds were ordered returned to ICO participants.

Loopring logo
Loopring logo

Loopring's protocol was upgraded from 2.0 to 3.0 in December 2019, causing the network to improve in efficiency by 1000 times. It also collaborated with Bitcoin in integrating oracles at around the same time. .

Loopring released its own version of decentralized exchange in February 2020. Based on both the automated market maker (AMM) and orderbook, the non-custodial Loopring Exchange can also be used as a payment app.

What is Loopring's Native Token?

The native token of Loopring is LRC. Holders of this coin can participate in the governance of Loopring and are also eligible for liquidity mining and Loopring's VIP program.

The LRC is an ERC-20 token and can be bought at the Loopring Exchange as well as other decentralized and centralized exchanges.

Loopring Price History

LRC reached its all-time high value of $3.83 on November 10, 2021. On December 18, 2019, the LRC stumbled to its all-time low of $0.01986.

How Does Loopring Work?

Trading on Loopring does not require traders to deposit money into an exchange. Unlike with other decentralized exchanges like Ether Delta, and Bitshares that entail traders to first make a deposit of funds through Ethereum smart contracts. With Loopring, funds are never locked by orders and remain in the safe confines of a users' wallet. By doing this, traders achieve full control over their funds, allowing them to cancel, trim, or increase an order before it is executed. After placing an order, trader can even completely move funds out of their wallet, although this would affect the final order since the protocol's ring miners would be alerted to the wallet's balance before matching orders.

Through a "fast lane," Loopring (LRC) improves performance over traditional decentralized exchanges by combining and executing transactions off-chain thereby avoiding the occurrence of congestion in Ethereum’s network. This is achieved via the application of zkRollups, a Layer-2 scaling solution that collects several transactions into a single group off-chain before sending them to the Ethereum blockchain network as a lone transaction.

Use of the LRC Token

The LRC is used to access the Loopring protocol. For any trader or user who wants to operate a decentralized exchange (DEX) using Loopring, must have at least 250,000 LRC to be able to perform the protocol's on-chain data proofs. If a user wants to access a DEX without using the data proofs of Loopring, the minimum amount of LRC needed to maintain rises up to 1 million.

LRC in Circulation

Currently, Loopring's LRC has a total circulation of 1.33 billion LRC and a maximum supply of 1.37 billion LRC.

Loopring in a Nutshell

Loopring supports both order books and the automated market makers (AMMs) using a non-custodial protocol used by both decentralized and centralized exchanges. This makes it possible for Loopring to be integrated into other smart contract platforms.

Think of Loopring as a protocol network that ushers in the best of two worlds. It is a hybrid exchange that fuses together the centralized order matching and the decentralized order settlement. The result is a super-fast processing time of up to 2,000 transactions per second.

Loopring Forecast

After rallying more than 100% for two consecutive weeks in March 2022, Loopring is being seen as in the right place to begin again its ascent with many analysts expressing the huge possibility of exceeding the $2 barrier in the near future.

How to Buy Loopring?

Loopring trading positions can be opened, and investments made using a trusted online brokerage and trading platform like eToro. Investing in cryptos such as Loopring has become easier with numerous eToro features, such as CopyTrading, where you can mimic trades made by successful traders. Getting started is as easy as clicking the following button to sign up for an eToro account.

Loopring trading on eToro's platform
Loopring trading on eToro's platform

How to Trade Loopring on eToro?

  1. On your eToro dashboard, click "Discover".
    Clicking "Discover" on eToro
    Clicking "Discover" on eToro
  2. Select "Crypto".
    Selecting "Crypto" eToro's platform
    Selecting "Crypto" on eToro's platform
  3. Scroll down to look for "LRC".
    Looking for Loopring on eToro's list of crypto assets
    Looking for Loopring on eToro's list of crypto assets
  4. Click "Buy" and set the amount you want to invest.
    Buying Loopring (LRC) on eToro's platform
    Buying Loopring (LRC) on eToro's platform
  5. "Click "Open Trade".
    Executing LRC buy order on eToro
    Executing LRC buy order on eToro

Loopring Price

Loopring's current price is with a 52-week range of $. It has a total market cap of and a volume of .

Keep in mind that because cryptocurrency prices are constantly changing and are highly volatile, this might not be LRC's exact price anymore.

Is Loopring a Good Investment?

If one would study and put their faith in Loopring's technology, then there’s going to be many resounding "Yes" answers to the question "Is the LRC worth buying?".

As more users and decentralized exchanges enters the crypto industry and network, expect the appeal of the LRC to also increase — which will then help pull its value to appreciate.

With a very interesting technology behind it, it is not impossible for several big companies to start tapping into Loopring's technology. When that happens, then Loopring will become a definite must-buy crypto.


Ready to trade Loopring?

Check out Loopring’s trading dashboard page before you continue, to study the historical price chart, the forecast, and the latest news about Loopring. Easy-to-use and intuitive, eToro's interface allows you to keep track of your investments and trades effortlessly. As soon as you feel it is the right time to invest on Loopring, you may sign up for an eToro account.


START TRADING LRC!


eToro is a multi-acentricat platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoacentricat investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.



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