How to buy Loopring (LRC) token?

December 24, 2021 05:00 AM AEDT | By Rupam Roy
Follow us on Google News:


  • Loopring (LRC) token is available on exchanges like Coinbase Pro, Binance, etc.

  • The LRC token hit an all-time high of US$3.83 on Nov 10.

  • The token gave a return of more than 1195% YTD.

The Loopring (LRC) token has been gaining traction in recent days.

What is Loopring (LRC) token?

Loopring is an open protocol designed to create decentralized crypto tokens. Loopring or LRC is an Ethereum-based token.

In 2020, the average daily trading volume vacillated in the range of US$50 million to US$200 million. Most of the transactions were done on centralized crypto exchanges.

Also Read: Why did Allakos (ALLK) stock crash today?

But the centralized exchanges had drawbacks compared with decentralized platforms, which may still have certain limitations.

Also Read: Top stocks under US$1,000 to explore in 2022

Loopring aims to make a hybrid product, combining the best features of both the blockchain platforms for order settlement. Interested buyers can purchase the token on exchanges like Coinbase Pro, Binance, OKEx, etc.

Also Read: Pfizer gets FDA greenlight for first Covid-19 pill Paxlovid

 The LRC token has reached its all-time high on November 10, 2021

Data provided by:

Also Read: Justworks IPO: Why investors exuded confidence in HR tech startup?

Who founded Loopring?

Shanghai-based software engineer and entrepreneur, Daniel Wang, founded the Loopring Foundation that manages the Loopring protocol.

In August 2017, the LRC token went public in an initial coin offering (ICO). However, the Loopring Protocol was first deployed in Dec 2019.

Also Read: Gardiner Healthcare IPO: How to buy the stock?

LRC token Price

The LRC token was priced at US$2.27 at 9:43 am ET on Dec 23, down 1.22%.

It has a market cap of US$3.01 billion, and its fully diluted market cap is US$3.11 billion. Its trading volume in the last 24 hours was US$315.78 million.

The token’s 52-week highest and lowest prices were US$3.83 and US$0.132, respectively.

Also Read: Global real-estate management firm GLP eyes US IPO


The current global crypto market is about US$2.28 trillion, according to CoinMarketCap. The LRC token gave a return of 1195.08% YTD. Investors, however, should evaluate the market carefully before investing in digital assets.


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Top ASX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK