Loopring (LRC) is launching on Coinbase Pro

On Monday, September 14, transfer LRC into your Coinbase Pro account ahead of trading. Support for LRC will be available in all Coinbase’s supported jurisdictions, with the exception of New York State. Per previous launches, transfers will open during business hours, Pacific time.

On Monday September 14, LRC entered transfer-only mode. Inbound transfers for LRC are now available in Coinbase’s supported jurisdictions. Traders cannot place orders and no orders will be filled. The order book will be in transfer-only mode at minimum until Tuesday, 9/15 9am PT (US business hours).

One of the most common requests we receive from customers is to be able to trade more assets on our platform. Per the terms of our listing process, we anticipate supporting more assets that meet our standards over time. Most recently we have added UMA (UMA) Celo (CGLD), Numeraire (NMR), Band (BAND), Compound (COMP), Maker (MKR) and OmiseGo (OMG), along with supporting additional European and UK order books. Coinbase continues to explore support for new digital assets.

On Monday, September 14, we began accepting inbound transfers of LRC to Coinbase Pro. Trading will begin on or after 9AM Pacific Time (PT) Tuesday September 15, if liquidity conditions are met.

Once sufficient supply of LRC is established on the platform, trading on our LRC-USD order book will launch in four phases, transfer-only, post-only, limit-only and full trading. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.

We will publish tweets from our Coinbase Pro Twitter account as each order book moves through the phases.

Loopring (LRC) is an Ethereum token that describes itself as “an open-sourced, audited, and non-custodial exchange protocol.” It aims to allow anyone to build non-custodial, orderbook-based exchanges on Ethereum by leveraging zero-knowledge proofs.

Please note that LRC is not yet available on Coinbase.com or via our Consumer mobile apps. We will make a separate announcement if and when this support is added.

You can sign up for a Coinbase Pro account here to start trading. For more information on trading LRC on Coinbase Pro, visit our support page.

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Loopring (LRC) is launching on Coinbase Pro was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Publication date: 
09/14/2020 - 20:06
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