Upbit to Delist Loopring (LRC) Over Disclosure and Legitimacy Concerns
South Korea's leading exchange will end support for the token on March 16, citing transparency issues and doubts about business sustainability.
Summary
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Terms & Concepts
- Loopring (LRC): A Layer-2 scaling solution for Ethereum that utilizes zero-knowledge rollups to increase transaction throughput and reduce costs.
- Delisting: The act of removing a cryptocurrency from an exchange, ending the ability for users to trade that specific asset on the platform.