As Bitcoin and other cryptocurrencies continue to flourish, the blockchain ecosystem has become flooded with centralized and decentralized exchanges. This rise in the number of exchanges has led to another critical problem; the average user now has to manage several wallets across exchanges, monitor price movements across marketplaces, and execute orders. Not only is this process exhausting, but it also leads to missed opportunities.
Centralized exchanges (CEXs) are the most widespread model for trading cryptocurrencies, primarily because they operate quite similarly to a traditional brokerage platform and exchange. These platforms ensure speed and efficiency by processing transactions via a single point of authority.
However, the dependence on a single entity has its disadvantages. For instance, CEXs usually lack transparency, which can help banned practices like wash trading flourish when unchecked, ultimately harming the traders. Moreover, the data on centralized exchanges are shared via centralized security processes, making it more prone to hacking attacks.
On the other hand, decentralized exchanges (DEXs) have also soared in popularity, mostly due to the rise of DeFi applications. While DEXs address the core problems of CEXs, such as third-party involvement, flawed security data security, and the lack of anonymity and transparency, using DEXs can be complicated for people who aren’t acquainted with the DeFi ecosystem. Besides, most decentralized exchanges are still evolving, which means they have limited features and their own set of exploitable flaws.
Orion Protocol has launched its Automated Market Maker (AMM) solution, Orion Pool, which enables traders to access DEXs, CEXs, and swap pools from a single interface to address these challenges. With this, Orion Terminal cements itself as the only trading platform that offers traders a single portal for trading, swapping, staking, and governance voting.
As usual, Orion will route all swap orders to the liquidity supply with the absolute best value, leading to probably the most profitable value for trades. At the same time, traders will profit from substantial arbitrage alternatives throughout centralized and decentralized liquidity sources.
The AMM is keen on integrating several third parties within the Orion AMM Pool, including Cardano, Polkadot, Avalanche, HECO, Elrond, and Fantom. Post the mainnet launch, Orion will also integrate leading swap pools like Uniswap, SushiSwap, and PancakeSwap to add more liquidity to its AMM pool.
Thanks to its unique solution for bringing cryptocurrencies, centralized exchanges, decentralized exchanges, and swap pools together, the platform is equipped to provide users with complete authority over their digital assets. Since the platform acts as an aggregator, it removes the exhausting registration and verification processes one needs to undergo when signing up for CEXs. In addition, Orion Pool also eliminates the need for multiple wallets, individual KYC checks for each wallet, and monitoring price fluctuations across several exchanges.
As the market capitalization of cryptocurrencies continues to expand with time, Orion Protocol is setting a new benchmark for near-frictionless crypto trading. The platform ensures transparency, security, and ease of use, all of which are the core catalysts for accelerating the global adoption of cryptocurrencies.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.