Loopring (LRC) is a cryptocurrency that operates on the Ethereum blockchain. It is associated with the Loopring Protocol, which aims to facilitate the decentralized exchange of cryptocurrencies. Loopring allows users to trade digital assets without relying on a centralized exchange, thereby enhancing security and reducing counterparty risk.The Loopring Protocol is designed to enable the creation of decentralized exchanges (DEX) and supports various trading pairs.