Orion emerges as a trailblazing deCEX platform, reinventing what decentralized central exchange trading entails. As digital currency trades skyrocket, the arrival of Orion 2.0 could be the pivotal shift in redefining the capabilities of decentralized trading platforms.
With a steadfast dedication to empowering traders everywhere, Orion has embarked on a significant journey to seamlessly integrate the benefits of centralized and decentralized exchanges , offering a smooth, non-custodial trading experience that aligns with the principles cherished by the crypto community.
Let's delve into what makes Orion a standout player in the competitive realm of crypto exchanges.
What is Orion?
Established in 2018 by Alexey Koloskov and Kal Ali, Orion originally sought to address the issue of divided liquidity in the crypto marketplace. Although not all promises were kept, Orion made significant strides with the release of the Orion Terminal in 2021, along with other notable triumphs.
Orion proudly boasts considerable achievements, with its ORN token reaching a peak value of $29.29 and maximum trading volumes of $100 million.
Additionally, it recorded an impressive 24-hour Terminal trading volume of 90 million, highlighting its robust market presence and the trust users place in it. The platform has also earned listings on prestigious CEXs like Binance, Coinbase, KuCoin, Crypto.com, and Bitget.
Evolution from Orion 1.0 to 2.0
Transitioning from Orion 1.0 to 2.0 marks a significant evolution, showcasing the platform's global outreach and improved market access. While Orion 1.0 targeted specific regional markets, Orion 2.0 has extended beyond these limits, enabling access to a worldwide market that was previously unreachable for many traders. This growth not only broadened Orion's scope but also revolutionized significant exchanges struggling with limited global accessibility.
Orion 2.0 vs. Centralized Exchanges (CEXs)
Orion's core model emphasizes decentralized and non-custodial aggregation of both centralized and decentralized exchange liquidity, ensuring users have the best price options and liquidity without jeopardizing asset security or personal identity. Beyond its trading services, the platform provides governance tokens and liquidity bridges for smooth asset transfers across networks, along with staking possibilities.
By allowing users to connect their wallets without the cumbersome KYC protocols, Orion has simplified the trading process, delivering a refreshing alternative to conventional exchanges. Moreover, its real-time pricing intelligence tool enables users to make well-informed decisions by comparing prices across multiple exchanges, securing the best value for their assets.
Its pioneering pricing approach has introduced an innovative trading method, offering traders opportunities to profit from market fluctuations and optimize their financial returns. Competing with platforms like 1inch, 0x Protocol, Kyberswap, and Uniswap, Orion distinguishes itself with superior liquidity from leading markets such as Binance, OKX, and KuCoin, providing users with elevated value and comprehensive trading encounters.
Traders' Support During Market Downswings
Orion's relentless dedication to delivering value during bear markets sets it apart from other platforms that often amplify traders' struggles during such critical phases. Despite experiencing some challenging years, the platform continues to thrive and equips every type of trader with excellent tools.
While many major exchanges fail to provide traders in various countries with affordable liquidity, Orion remains committed to supporting them by offering fair pricing and maintaining a user-focused approach, even during market downturns.
Global Equality in Trading
Orion's mission of advocating global financial equality is evident in its efforts to furnish the most competitive prices and liquidity for traders worldwide. By eliminating regional boundaries and simplifying verification processes, Orion promotes an inclusive trading environment that empowers traders from around the globe, allowing them to participate in the crypto market on equitable terms. In a global crypto market, every exchange must possess worldwide reach.
Empowering the Underdogs
The Orion 2.0 story deeply resonates with the dreams of underserved traders worldwide, who frequently find themselves sidelined by regional constraints and steep trading fees. Orion's dedication to minimizing fees, returning a significant portion via its referral program, and securing global access to CEX liquidity proves its intent to uplift the trading community so it can prosper in an increasingly competitive landscape.
What’s in Store For The Future
Orion's future plans are focused on enhancing its services by enabling cross-chain swaps, creating a more user-friendly interface for those new to crypto, and developing a mobile application for broader accessibility and convenience. Below, you'll find a detailed overview of the project's roadmap.
- Diversifying Token Utility: Orion aims to boost its token's usefulness by introducing veORN, which allows holders to take part in platform governance and vote on proposed changes. Furthermore, the platform seeks to expand staking options and introduce rewarding incentives, cultivating a thriving and active user community. This strategic initiative aligns with their vision of fostering a user-focused and inclusive ecosystem.
- Cross-Chain Interoperability and Accessibility: Looking to the future, Orion is gearing up to provide seamless cross-chain swaps, facilitating effortless trading of any token across diverse blockchain networks. This ambitious endeavor highlights its commitment to simplifying the trading journey for both seasoned crypto enthusiasts and newcomers alike. By nurturing interoperability, Orion aims to cement its status as a leading cross-chain trading platform in the ever-evolving crypto landscape.
- Revolutionizing User Experience: Orion's forthcoming projects include enhancing its user interface and experience to appeal to those unfamiliar with crypto, ensuring an intuitive and user-friendly setting similar to centralized exchanges. By introducing account abstraction and facilitating gasless trading, Orion aspires to bridge the gap between traditional financial markets and the decentralized crypto sphere, thereby drawing in a wider user audience.
- Mobile Application Development: Acknowledging the rising importance of mobile trading, Orion is poised to launch a dedicated mobile app. This strategic move will enhance user convenience and accessibility, enabling them to execute trades and access live market data on the go. With a strong user-centric focus, the mobile app will embody Orion's commitment to offering a seamless and efficient trading experience across diverse digital platforms.
- Strategic Collaborations and Partnerships: Orion's future roadmap includes establishing strategic partnerships with prominent blockchain networks, fostering cross-chain alliances, and harnessing the capabilities of leading projects like BNB Chain, Polygon, and MetaMask. By integrating with established industry players, Orion aims to bolster its market position and extend its international reach, catering to a varied and expanding user community.
- Continuous Innovation and Adaptability: Orion remains dedicated to continuous innovation, adapting to the fluid crypto environment and maintaining its lead in technological advancements. By cultivating an atmosphere of innovation and flexibility, Orion strives to anticipate market shifts and user needs, ensuring its offerings remain relevant and competitive within the swiftly transforming crypto market.
Conclusion
With its ambitious and broad-reaching plans, Orion is set to redefine the landscape of crypto trading, offering an inclusive and seamless platform tailored to the diverse needs of its global user base.
Orion 2.0's transformational journey reflects a story of empowerment, perseverance, and global inclusivity. By advocating for traders and fostering a trading atmosphere that prioritizes fairness and accessibility, Orion has solidified its role as a pivotal force in the crypto industry, inspiring a newfound wave of traders to embark on a more transparent and equal financial future.
