First of all, let’s look at what is the Orion Protocol. The Orion Protocol is an open source, decentralized finance project created primarily to collect liquidity from different major liquidity providers, namely exchanges.The Orion Terminal offers a unique liquidity aggregator connecting major exchanges to one simple platform. Orion sees traders having difficulty making profitable trades from popular exchanges. And while there are many exchanges to choose from, liquidity in these exchanges remains an issue, and not everyone has time to research the exchange that offers the best return. For this reason, Orion wants to keep itself separate by collecting order books in a simple terminal, not by competing with exchanges.
Alexey Koloskov, CEO and Co-Founder of the Orion Protocol, launched the project in 2020 to solve the problems of major exchanges monopolizing the cryptocurrency exchange market.
Orion is very safe to trade
Because when the user places an order and a single API call is made, Orion splits and redirects this action to multiple exchanges at the same time. This leads to lower buy and sell spreads and ultimately find the best exchange prices for users. With Orion, traders don’t have to bother themselves too much with APIs from different exchanges, data formats, modes, and order types. They can only focus on executing their transactions or managing their assets.
Additionally, Orion is trying to address another risk from centralized exchanges — piracy. Hot wallets, often provided by online cryptocurrency exchanges, are susceptible to hacking. Recent reports have revealed how vulnerable centralized exchanges (and even decentralized ones) are. And users have no choice but to deposit their cryptocurrencies for trading, which inevitably puts them at risk. Orion’s unsupervised solutions try to solve this by allowing users to freely manage their assets whenever and however they want, without giving up their private keys to do just that.
With Orion’s multi-currency wallet, it’s easier to track the overall performance of your portfolio as they can be easily found in a single API. The hassle of using and maintaining multiple wallets to trade on multiple exchanges disappears.
Orion Terminal has both safe and easy.
…
Important Links :
Website : https://www.orionprotocol.io/
Whitepaper : https://www.orionprotocol.io/hubfs/whitepaper.pdf
Twitter : https://twitter.com/orion_protocol
Linkedin : https://www.linkedin.com/company/orion-protocol
Github : https://github.com/orionprotocol
Telegram : https://t.me/orionprotocol
