If you are taking the first steps in the knowledge of the cryptocurrency industry, then you will be interested to learn some nuances regarding token trading in modern realities. Starting the conversation, it will not be superfluous to mention the fact that cryptocurrency trading is carried out using two fundamentally different approaches. Both of them have both positive and negative properties. The first is trading on centralized exchanges (CEX), which have high liquidity and have a convenient and fast, and most importantly understandable for a beginner, interface. These are good properties, but such exchanges have one, but very significant negative property. The keys to all exchange wallets are not in your possession, which means that you can lose your tokens at any time. Exactly why this will happen is another matter.
But there is a counterweight to centralized exchanges — these are decentralized trading platforms (DEX). These exchanges are simpler and the interface is not so advanced and clear, especially for a beginner. And the liquidity on them is not very good. But you are always calm for the safety of your funds, since the keys to the wallets are only with you. And what will the user who takes the first steps in this market choose? He faces a difficult task, but today it is solved surprisingly simply.
The Orion Terminal platform was created in order to combine all the positive properties of both centralized and decentralized exchanges into a single network. Orion Protocol acts as a gateway to the entire digital market, which combines the liquidity of both into a single portal, including their pools, order books, etc. At the same time, the portal remains decentralized, which is important for the safety of your assets.
The Orion Protocol is not tied to a single blockchain, although it initially has an ERC-20 structure and partially Elrond. If necessary, the protocol has tools for cross-chain, which allows you to use different blockchains in different combinations. Versatility and hybridity is the most important quality that is so necessary for a modern trader. At the same time, the user does not need to worry to verify his identity on hundreds of exchanges, it is enough to do it once on the Orion Terminal. The terminal’s mechanisms allow you to engage in unhindered margin trading with major exchanges such as Binance, Kraken, Coinbase and dozens of others. Managing a deposit from one place will allow the trader to avoid price slippage, lower the spread and use more volume. In order to combine all the positive qualities of trading instruments into a single whole, needed a mechanism developed by specialists of Orion Protocol, which is called “Delegated Proof of Broker”(DPoB), which uses its own ORN token.
The Orion terminal was launched on December 15, 2020 and in a short period of operation showed its best side. But the developers are not going to stop there. The platform is waiting for big updates in the near future. Features such as margin trading, lending, contract trading and many others will be added. Hybrid solutions are the future, so do not miss the opportunity to test yourself as a novice trader using the modern Orion Terminal platform. Good luck!