Orion Protocol’s Product Orion Terminal Goes Live Tomorrow

Orion Protocol’s Product, Orion Terminal goes live tomorrow, December 15^th as an exchange aggregator that will launch phase One of its mainnet and will give traders a chance to see and learn more so let’s find out more in today’s crypto news.

Orion Protocol CEO Alexey Koloskov thinks that the fragmentation of the crypto space resulted in illiquid markets that are not doing anything good for the traders and are pushing beginners away. With the influx of capital into space, mainstream adoption is yet to occur as he said:

 “There are tens of thousands of tokens spread across hundreds of exchanges with different interfaces, fees, and processes, and the landscape is understandably daunting for newcomers to the space.”

#OrionTerminal Goes Live Tomorrow, Pioneering a New Way to Trade on @bitcoinist

Read more: https://t.co/Eu8ESwYfMH pic.twitter.com/9Jlima1umU

— Orion Protocol (@orion_protocol) December 14, 2020

Orion Protocol’s new product is not the first platform that will try to unify the scatter crypto centralized and decentralized exchanges. Aggregators like 1Inch exchange provide this service for DEXs but the approach only solves about half of the problem. CEX, for example, are unable to list new tokens which means that DEXs will be the first choice to acquire undervalued gems. Koloskov thinks that centralized exchanges cannot compete with DEXs and vice versa but if there’s a competition in the first place, it will be in the goal to “bridge the divide to create hybrid solutions that provide access to the benefits and opportunities of the entire crypto landscape but in a totally decentralized way.”

24 HOURS LEFT. Are you ready?

Get access now: https://t.co/hpCksSqCly pic.twitter.com/ed7toZMiTK

— Orion Protocol (@orion_protocol) December 14, 2020

This is why Orion Terminal is so unique and is considered a game-changer for the users since they can tap into the CEX liquidity without needing to custody their coins. Koloskov pointed out that many aggregators carry ERC20 tokens only while “those are multi-chain are custodial and therefore not decentralized.” He continued:

“The liquidity aggregators that do pull from centralized exchanges are themselves centralized, custodial solutions.”

Orion Terminal wants to have both DEX and CEX in its nature. The traders can avoid exchange-hopping with their platform and the order matching of the platform is fronted by a traditional exchange interface that connects to hundreds of exchanges. This means that thousands of trading pairs can be accessed from one portal and real-time pricing. While the thought of 10,000 markets is daunting, the platform was quite careful to ensure that the vast array of options is not allowed to impair the user experience. The terminal was designed with retail users in mind so the pros will be the first to put the platform to test once Phase One starts tomorrow.