
Kal Ali | July 27 2021
Kal Ali | July 27 2021
Global access to major centralized exchanges. No account.
We’re increasingly seeing countries clamp down on CEX usage in their jurisdictions, preventing access to major centralized exchanges in certain regions. As the decentralized gateway to the digital asset market, Orion Terminal allows users global and decentralized access to major centralized exchange liquidity - regardless of their jurisdiction.
As the only platform to decentralize access to centralized liquidity, users can access major centralized exchanges such as Binance and KuCoin securely from their wallet, regardless of where they reside. Orders can even be split across multiple exchanges and liquidity sources, both centralized and decentralized, to achieve the best possible price every time.
In volatile markets, ownership of assets is more important than ever. Having your assets held by a third-party centralized exchange limits your control of your own funds. At any point, your access can be denied and withdrawal of funds remains unavailable. Regularly, trading and withdrawals are halted or limited across several major exchanges, preventing traders access to both their assets and trading opportunities.
On Orion Terminal, trade across major exchange liquidity from anywhere, without the need to compromise assets or set up an account.
How does Orion Terminal provide global + decentralized access to centralized liquidity?
This is all made possible through Orion's proprietary governance mechanism, Delegated Proof of Broker. This functionality is unique to Orion Protocol: while other liquidity aggregators exist, none have been able to offer decentralized access to centralized liquidity, requiring users to have an account for access. Orion Terminal is the first and only in market to provide global and decentralized access to the digital asset market.
Brokers with exchange accounts (or exchanges themselves, such as AscendEX, Kucoin, MXC, Mettalex, and Injective) run Orion Broker Software and automatically execute trades routed from the liquidity aggregator via their trading accounts. Brokers are chosen to execute trades based on how much ORN they stake, and receive a portion of fees from each trade they execute.
Brokers conduct KYC so traders don't have to. Although brokers are executing the trade on a trader’s behalf, they never get access to traders’ accounts or funds as smart contracts enforce secure conditions of exchange. Only if the order is filled by a selected broker will the transfer of assets occur atomically within the smart contract: the trader gives the sold asset in exchange for the bought asset.
It’s through these brokers that we’re able to decentralize centralized liquidity for the first time, and allow traders to access both centralized and decentralized liquidity regardless of their jurisdiction - without ever needing to give up, share, or compromise their private keys, assets, or information.
No deposit or withdrawal limits: because you retain control of your assets, we don't limit your access to your own funds - or trading opportunities.
We never halt trading: Even with connected exchanges down, you can still trade on Orion Terminal:
1. We connect multiple exchanges into one order book
2. CEX order books can still remain even when access is cut off by exchanges
3. Orion has an internal DEX that fulfills orders, too
Best prices in market: Buy or sell your assets at the best price, every time. Orion aggregates major exchange liquidity into one seamlessly aggregated order book to give you the best price possible.
Arbitrage opportunities: Orion Terminal always searches for the best prices on the market, allowing you to carry out arbitrage opportunities without the need for accounts on multiple exchanges.
Cross-exchange liquidity: For the first time, Orion Terminal provides decentralized access to centralized exchanges. Eventually, you'll be able to access the liquidity of the entire crypto market on one decentralized platform: centralized exchanges, decentralized exchanges, and swapping pools in one place.
Trade from your wallet: Your key, your control: access bottomless liquidity without ever giving up your private keys. Simply connect your wallet and execute your order across major exchanges - even those you don’t have accounts with.
Access to ~1,000+ pairs: On Orion Swap, users only need to sign one trade for complex swaps without direct trading pairs (e.g. GRT > ORN) resulting in lower fees and faster execution across almost 1,000 trading pairs.
Almost zero slippage: Best prices, lowest fees, zero spread. By aggregating every exchanges' order book, Orion provides the best prices and lowest fees in market with almost zero spread - and zero slippage.
No account: Orion Terminal will never require your information to enable access to trade, even across exchanges that typically require personal data to be handed over. KYC is carried out on traders' behalf by brokers.
Access major exchanges directly from your wallet now, without KYC, and regardless of jurisdiction.