Orion Terminal Set for Launch, Uniting CEX and DEX Liquidity
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2 Wochen ago
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Orion aggregates liquidity, order books, and trading pairs of every major CEX, DEX, and swap pool into one non-custodial, chain-agnostic, and decentralized platform, with the flexibility to facilitate seamless cross-chain trading that goes beyond just Ethereum.
Orion Terminal, the decentralized gateway to the first hybrid cryptocurrency exchange aggregator, Orion Protocol, is set to launch Phase One of its mainnet on December 15. The platform will provide a singular, non-custodial portal to the entire digital asset market.
Following successful stress-testing and an audit by leading security firm CertiK, Phase One will introduce live trades for Orion Terminal, aggregating liquidity from major centralized and decentralized cryptocurrency exchanges and swap pools into a single order book.
Access will be restricted and prioritized according to a ranked referral scheme with the number of trading pairs and full feature set limited initially. However, several updates are rolling out in the coming months, including lending, margin trading, leveraged ETFs, derivatives, contract trading, NFTs, and staking of any digital asset type.
What’s Wrong with Existing Aggregators?
In a competitive and fragmented exchange market, aggregators have made good progress in pooling together liquidity at a single point of access and improving user experience. However, they converge either around centralized exchange (CEX) or decentralized exchange (DEX) markets exclusively, retaining the issues inherent to those ecosystems.
CEX Aggregators
Centralized exchange aggregators like SwapSpace negate the need for multiple exchange accounts to manage tokens with greater convenience. However, they still often leave users vulnerable to exchange hacks and counterparty risk and lack the interoperable benefits of being blockchain-based. They can pool together greater liquidity and provide multi-chain access, but remain centralized themselves, fail to capture the potential of defi, and are usually custodial.
DEX Aggregators
Decentralized exchange aggregators such as Matcha build on the increasing demand for DEX services and tackle the generally low levels of liquidity compared to their CEX counterparts. They also allow users to capture the potential of the growing defi space. However, they still lack the volume, low spreads, reduced slippage, and sheer variety of trading pairs on major centralized platforms. They are also mainly limited to ERC20 tokens. The same is true of defi swapping pools that are open to token price manipulation as they are not large enough to sustain demand.
What Makes Orion Terminal Different?
Orion Terminal does not compete with CEX or DEX platforms. Instead, it complements them both and seeks to deliver a new hybrid solution that bridges the gap as a decentralized access point to each source of liquidity. It offers the best of both worlds without the wasted time and hassle of managing multiple accounts.
The platform will provide the first gateway to the entire crypto market. Orion aggregates liquidity, order books, and trading pairs of every major CEX, DEX, and swap pool into one non-custodial, chain-agnostic, and decentralized platform, with the flexibility to facilitate seamless cross-chain trading that goes beyond just Ethereum.
How Does It Work?
Orion Terminal works by combining Orion’s Liquidity Aggregator Protocol with a decentralized network of brokers to deliver non-custodial order execution and settlement while accessing greater liquidity from major exchanges to provide the best prices, low spreads, and minimal slippage.
The order matching engine, built into a familiar interface, delivers advanced trading tools connected to hundreds of top CEX and DEX platforms. Orion Terminal guarantees efficient order fulfillment and arbitrage opportunities at scale by aggregating the order books without needing to navigate KYC processes and manage accounts at multiple venues. Instead, users connect and trade directly from their wallet via any supported CEX or DEX without surrendering their private keys, assets, or data.
Delegated Proof of Broker (DPoB)
Orion Terminal’s decentralized access portal to the aggregation of both CEX and DEX worlds is made possible through its unique DPoB governance mechanism. DPoB provides a system of Decentralized Brokerage, utilizing Orion Protocol’s native token, ORN, and further monetized through Orion’s defi partners.
A network of Brokers in the Orion ecosystem use their own verified exchange accounts and run the Orion Broker Software to automatically execute trades from the Liquidity Aggregator, governed by the Orion Protocol smart contracts.
Brokers earn rewards for executing orders, and Stakers can delegate to preferred Brokers to share in those incentives. ORN holders also benefit from discounted trading, advanced features, protocol access, and staking returns.
Democratizing Market Access
Orion Terminal is the first decentralized gateway providing access to the entire centralized and decentralized crypto marketplace, avoiding the largely siloed pitfalls of existing aggregator services, and solving the issues of liquidity, custody, accessibility, and scalability in one user interface.
By presenting participants with a universal solution, Orion Terminal has the potential to democratize – and potentially even revolutionize – crypto trading in the months and years ahead.
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Having obtained a diploma in Intercultural Communication, Julia continued her studies taking a Master’s degree in Economics and Management. Becoming captured by innovative technologies, Julia turned passionate about exploring emerging techs believing in their ability to transform all spheres of our life.
Grayscale’s AUM Hits $19B, Up from $16.4B Announced Week Ago
Published
22 Minuten ago
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Dezember 29, 2020
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While it may be too early to project the possible performance of Grayscale in 2021, the spate of patronage the company recorded in the last two quarters of 2020 looks quite inspiring.
In what confirms the continued embrace of Bitcoin (BTC) and altcoins by institutional investors and the big-money clients, Grayscale’s total Assets Under Management (AUM) has been reported to top $19 billion, a significant uplift from the $16.4 billion reported a week ago. According to a report by CoinDesk, Grayscale hit this AUM milestone on December 28, and Grayscale’s Bitcoin Trust holds by far the largest chunk of the total assets at $16.3 billion.
The recent rally of Bitcoin to new highs as recorded in the past days started as a chain reaction that took its precedent months ago when Wall Street firms and institutional investors began betting big on Bitcoin. The investment made by the likes of MicroStrategy Incorporated (NASDAQ: MSTR), Square Inc (NYSE: SQ), and PayPal Holdings Inc (NASDAQ: PYPL) did not just help put Bitcoin in the limelight through mainstream media, it also prompted the embrace of the digital assets by other firms.
With this chain reaction, the price of Bitcoin continued to soar in response to boosted demand for the coin, and institutions like Grayscale that serves institutional investors benefited from this new demand, and hence, the continued increase in the firm’s AUM. Besides BTC, Grayscale’s Ethereum (ETH) AUM is now worth $2.1 billion, while the bulk of smaller holdings in Litecoin (LTC), XRP, and ZCash amongst others helped Grayscale’s total AUM to reach the new milestone.
Grayscale’s AUM May See More Boost in 2021
While it may be too early to project the possible performance of Grayscale in the coming year 2021, the spate of patronage the company recorded in the last two quarters of 2020 makes the case for improved performance provided the tempo is sustained.
Just as has been noted earlier, the continued embrace of cryptocurrency assets by highly liquid companies will continue to have a positive reaction on the price of Bitcoin, and by extension, this will even make more people pick interest in BTC. As a relatively young asset class, Bitcoin and altcoins have tremendous room to grow as the adoption rate is still not optimized owing to certain regulatory provisions in most countries, Grayscale and other hedge funds have enough room to compete for new clients entering the space.
With Grayscale been among the institutions at the forefront of helping to drive the acceptance of BTC, ETH, and other digital currencies, enjoying the dividends of its works through impressed AUM figures does not come as much of a surprise.
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Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Altcoin Rally Dimming Bitcoin’s Shine, Polkadot Gains 34% in One Week
Published
2 Stunden ago
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Dezember 29, 2020
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Polkadot (DOT) saw daily gains of 22.5% wrapping up an impressive week with an almost 34% rise in its value.
Bitcoin bullish run looks to have come to a halt amidst an altcoin rally which has seen relatively lower coins put up impressive performances in the past few weeks. Bitcoin dominance is gradually fading as many experts believe the biggest digital coin is backing down as some top altcoin are showing strong “moves” or signals.
Bitcoin hit an all-time high over the weekend, the third time its price has done so in just over 2 months. The price of the biggest digital coin touched $28,400 on December 27, before a lightning drop took it to $27,000 just hours of that incredible feat.
Bitcoin failed to hold onto the $27,000 mark as its price further dropped to $26,000 a day after and is now testing lower levels centered on $26,000 as immediate support. Reports from crypto exchanges revealed BTC/USD trading at lows of $25,830 during the early hours of December 29.
While Bitcoin has seen red over a couple of days, some altcoins are putting up impressive numbers, giving off signals of a strong altcoin rally. Despite XRP’s current issues, the altcoin market is showing glimpses of its glory days as some digital coins are poised to see major gains over the next couple of weeks. Ethereum (ETH) is at the forefront of the rally, with its price climbing above $700for the first time since May 2018.
Polkadot (DOT) also saw daily gains of 22.5% wrapping up an impressive week with an almost 34% rise in its value. The coin is now the seventh-largest token by market cap. Kusama (KSM), a cousin of Polkadot, also saw its price gain 46% last week, pushing its price from $43.1 to $63. The digital token is currently trading at $56 but experts are adamant a breakout above $65 is possible as the token has rebounded off the 20-day exponential moving average ($50.90)
Speaking on the possibility of a long term altcoin rally, analyst Van de Poppe stated that altcoins are next in line to see greens. He added that the next “impulse wave” on Bitcoin next year should be able to take the market to $40,000 or $50,000, but until then, the possibility of a continuance altcoin rally is very much likely.
Although many factors could be in play with regards to the latest Bitcoin price dip, it’s recent fallout with Ripple’s XRP leads the way. Ripple was hit with a lawsuit from the United States Security and Exchange Commission (SEC) and subsequently suffered drops that left its price in a pit. XRP, the fourth-largest cryptocurrency by market cap, is now trading at $0.20 as news broke that Coinbase, a major US cryptocurrency exchange has decided to suspend its trading from next month.
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Crypto fanatic, writer and researcher. Thinks that Blockchain is second to a digital camera on the list of greatest inventions.
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