Stellar and Loopring: More than a exchange platform

To launch a business using crytocurrencies, you can choose various tranding plaforms in the market, such as Binance and OKEx. There are also platforms which also launch their own tokens in the communities, for example, there are XLM in Stellar, XEM in NEM and LRC in Loopring. This article is going to analyze those trading platforms so you can pick up one or two based on what you need.

 

1. Stellar:a bridge between crytocurrencies and the fiat ones

Crytocurrencies and their trading systems are actually created to make low-cost, efficient transactions or money transfer services possible ,for it would costs us significant commission via financial institutions such as banks. However, if you are one of those people who worry about whether crytocurrencies could make it, in other words, whether the tokens could be really accepted by the society and become a mainstream. It is better for you to choose Stellar as a platform of your transaction, for Stellar are now working together with many central banks on building cross-border money transfer system and it provides money exchange services between XLM(its crytocurrency) and the fiat ones.

 

2. Loopring Protocol: a porter between platforms

A crytocurries exchange is, in theory, a medium between buyers and sellers which provides channels to launch business directly. However, for Loopring, an new protocol which focused on matching transactions with platforms, it’s better to describe it as a porter between trading platforms for the protocol functions as a middleman who helps you find the best trading platforms. Then you could also get a break on it if you pay by LRC( the crytocurrency on Loopring).