Coinbase to suspend LRC-USD trading; withdrawals remain open

Coinbase announced it will suspend LRC‑USD trading on or around 2 p.m. ET on Aug. 7. The change affects Coinbase.com Simple and Advanced Trade, Coinbase Exchange and Coinbase Prime. Customer balances will remain accessible and withdrawals will stay open, but transfers require a destination that supports LRC, the chosen network and the holder’s jurisdiction.

Loopring’s decentralized exchange stopped operating on June 28. The project returned about $7.4 million in ETH and 72 ERC‑20 tokens to 31,644 paid Ethereum mainnet addresses across 142 batches. Loopring set an Aug. 15 deadline for a manual recovery process for excluded smart‑wallet cases.

With the DEX offline, most displayed LRC volume has moved to a small number of exchanges. At midmorning ET roughly 74% of displayed volume was on BitDelta, Paribu, WhiteBIT and BtcTurk. BitDelta alone accounted for about 48.5% of displayed volume but showed a 4.32% bid‑ask spread and no liquidity at the 2% depth metric on either side of the book.

Price and volume metrics showed limited on‑exchange liquidity. CoinGecko listed LRC near $0.01031 with about $3.5 million in reported 24‑hour volume across 46 exchanges and 55 markets. Market capitalization was about $14 million and the 24‑hour price change was modestly negative. Full‑day series cannot isolate trading that occurred after Coinbase’s notice or determine whether the announcement affected market moves.

Other platforms list LRC pairs and supporting networks, but listings do not guarantee deposits, withdrawals or execution for every user. Holders should confirm network support, deposit availability and eligibility by jurisdiction before attempting transfers.

Coinbase kept LRC‑USD in limit‑only mode and marked the situation as Monitoring in its notice. The suspension will remove Coinbase’s dollar pair for LRC while leaving customer funds available for withdrawal or transfer to supported venues and networks.