Starting today, Coinbase supports Loopring (LRC) and yearn.finance (YFI) at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, convert, send, receive, or store LRC and YFI. LRC and YFI are available in all Coinbase-supported regions, with the exception of New York State.
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.
yearn.finance (YFI) is a decentralized finance (DeFi) platform, which aims to perform a host of functions such as aggregated liquidity and automated market making by moving providers’ funds between platforms such as dYdX, Aave, and Compound. YFI is the native token in the yearn.finance platform. Users can earn it by contributing liquidity to yearn.finance’s liquidity pool and use the token for platform governance.
One of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase. We announced a , designed in part to accelerate the addition of more cryptocurrencies. We are also investing in new tools to help people understand and explore cryptocurrencies. We launched informational asset pages (see LRC and YFI ), as well as a to answer common questions about crypto.
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