Loopring is an ethereum decentralized exchange protocol that is created to allow users exchange assets across various exchange.
Loopring will allow both centralised and decentralized exchanges to take part in loopring network, giving all exchange chances to increase liquidity from across a number of blockchain. It allows investors to get best pricing without stress of checking different exchanges. The main idea behind loopring combining elements of centralized and decentralized cryptocurrency exchange to create amendment that will enjoy their unique advantages and reduce inadequacy. It has two tokens already which are the LRC for Ethereum and LRN for Neo.
The fact that loopring is offering a decentralized exchange protocol that will allow any exchange to participate is a major difference and an advantage for loopring.