Orion Pool’s Unified Platform Delivers Unfettered User Access To DEXs, CEXs, And Swap Pools

| Publish date: 08/22/2021 (Last updated: August 22, 2021 08:06 AM)
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As the crypto ecosystem continues to grow unabated, the number of centralized and decentralized exchanges has grown substantially. While both CEXs and DEXs have played a critical role in fomenting greater adoption, they have also fragmented the marketplace, making it complicated for the uninitiated global population to participate in the financial revolution.

CEXs, for instance, are facing significant pressure from governments and financial regulators worldwide. As a result, most centralized exchanges have either voluntarily suspended or been forcibly stopped from providing services in certain jurisdictions.

Besides, creating a wallet on a CEX means giving away control of your assets to a third party, which is a concern for many, primarily because CEXs store data in centralized security processes, making them vulnerable to cyber threats. To add to the complications, signing up for an account is a lengthy and frustrating process involving several rounds of KYC and AML checks alongside other regulatory verifications.

DEXs, on the other hand, address the inherent problems with CEXs, granting users complete control and custody over their funds. However, operating a digital wallet via any decentralized exchange demands a strong command of the decentralized finance (DeFi) ecosystem.

Orion Protocol’s Solution Lowers Crypto’s Entry Barriers

To address the problems of both decentralized and centralized exchanges, Orion Protocol has launched its proprietary automated market-maker (AMM), Orion Pool. Orion Pool is the world’s first platform that delivers decentralized access to swap pools, DEXs, and CEXs from a single interface.

Orion Protocol has integrated several established chains, including Cardano, Polkadot, Fantom, Avalanche, HECO, Elrond, and more with the Orion Pool. Launched on the Orion Terminal, the Orion Pool provides a single UI for swapping, trading, staking, and governance voting.

With the launch of the Orion Pool, users will be able to trade assets on the Orion Terminal via liquidity pools. To further increase the liquidity, Orion Pool has integrated with other swap pools like SushiSwap, Uniswap, and PancakeSwap.

Through partnerships with verified brokers and exchanges, Orion Terminal makes it possible for everyone to trade on major exchanges, such as Binance and KuCoin, without the need for multiple wallets or KYC verifications.

Through Orion’s proprietary governance mechanism known as Delegated Proof of Broker, pre-verified brokers and exchanges execute orders on behalf of traders via the Orion Broker Software, making this inclusive approach possible.

Based upon the ORN staked by the trader, the system automatically selects them, and then smart contracts handle the financial aspects. Since brokers and exchanges have already undergone KYC and AML verifications, users don’t need to experience the process again. Additionally, the Orion Pool allows users to place trade orders across multiple exchange venues and swap pools from a single wallet without any geographical restrictions.

As the platform continuously integrates with more exchanges and swap pools, Orion Pool has established itself as the first and only platform to provide global and decentralized access to the entire crypto universe.

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