Loopring (LRC Token) Gains Fiat To Crypto Exchange Pairs On Changelly’s Instant Crypto Exchange
Loopring (LRC) Gains Fiat To Crypto Exchange Pairs On Changelly Cryptocurrency Exchange
An announcement from Loopring official reddit page confirmed the addition of its native token, Loopring Coin (LRC), to Changelly cryptocurrency exchange platform. The partnership will allow users on Changelly to directly buy the LRC token using their credit and debit cards on the exchange. The fiat to crypto purchasing feature is currently available for the US dollar (USD) and Euro (EUR) with more fiat pair set to be increased in future.
Changelly cryptocurrency exchange aims at providing a fast and cheap platform to carry out your cryptocurrency trades. Users on the platform are exposed to some of the best rates to trade with the transaction fee charged at 0.5% of the amount and instant transfer of funds. The exchange offers a transparent, simple and quick gateway for new investors in the market to buy cryptocurrencies using fiat. The exchange currently has over 140 cryptocurrencies on the platform offering a wide selection of digital assets to buy and trade.
With order sharing, multiple relayers can form a consortium for building a shared liquidity pool to compete with established exchanges. Loopring combines off-chain order sharing and on-chain settlement.
Speaking on the addition of the LRC token on Changelly, Daniel Wang, the CEO of Loopring felt honored to be listed on one of the most re-known digital asset exchanges in the world today. He sees the exchange as a perfect gateway for novices and newcomers in the field to purchase cryptocurrencies. He concluded saying,
“We look forward to this partnership as a major step for crypto and for Loopring, by allowing usage and access to mainstream users.”
Adding to the partnership comments, Dmitry Burin, COO of Changelly exchange was excited at the addition of LRC token to its platform as it brings together the cryptocurrency communities. The COO continued saying the future of the internet, mobile applications, wallets, and exchanges lie in blockchain hence the need to build partnerships across the industries. This allows users to have total freedom over their funds and cyberspace on a totally decentralized platform.
Loopring is a blockchain based protocol aimed at building efficient, fast and secure decentralized exchanges. The Loopring protocol allows users to place their tokens on the platform and have total control over their funds. Furthermore, users can trade seamlessly as the platform provides high liquidity for the traders. The platform further matches orders in rings and shares them in a liquidity pool hence executing the order at the best possible price.