Orion Protocol (BSC) crypto exchange is a platform that bundles the liquidity of many crypto exchanges to produce a decentralized platform. It intends to complement multiple existing markets and specific projects, including decentralized exchanges, centralized exchanges, and swap pools, by aggregating their liquidity. It was founded in 2018 and launched in 2020. The Orion Protocol DeFi (Decentralized Finance) ecosystem operates by connecting both the centralized and decentralized aspects of crypto and blockchain without acting as a centralized authority.
Orion Protocol (BSC) cryptocurrency exchange has no country restrictions since it is a decentralized platform. It is, however, advisable for users to confirm if cryptocurrency trading activities are legal in their country before proceeding. There are no KYC requirements as well for users to gain access to the platform. All they need to do is connect their wallets to the platform.
Originally, the Orion Protocol is based on Ethereum. However, the protocol was also implemented on other chains, including BSC.
Markets
There are 4 markets available for trades or swaps on the platform. These include ORN, BUSD, USDT, and WBNB. There are also 18 Orion Protocol (BSC) trading pairs, which support major cryptocurrencies like BTC, ETH, BNB, and more. Orion protocol (BSC) spot trading is not available on the platform, neither is margin or leverage trading.
Orion Protocol (BSC) exchange fees for deposits, withdrawals, and trading are dependent on the network of the cryptocurrency that is being used. For instance, BTC withdrawals may attract an Orion Crypto price of 0.00005, while ETH withdrawals may be charged 0.01 ETH.
At the core of the Orion Protocol is the ORN token. This token is the utility and governance token of the ecosystem. The maximum token supply is 100,000,000 ORN. The exchange ensures ORN’s sustainability and aims to achieve this through various means like offering non-inflationary staking, diminishing supply, profits for holders, and refund opportunities.
Users get discounts on fees when paying using ORN. Also, they can earn terminal transaction fees and interest by staking ORN tokens. Besides, governance decisions on the future of the platform, new features, swap rates, and fees are also determined by holders of ORN tokens. Furthermore, brokers need to stake ORN to execute trades. On the contrary, non-brokers can stake ORN to determine their chosen broker.
Other Services
The Orion Trading Terminal gives traders and investors the opportunity to execute trades in its universal API conveniently. They can invest in emerging blockchain projects and purchase new tokens on the Trading Terminal. Users can also trade across the crypto market without giving up their private keys and compromising their security. Besides, wallet providers like MetaMask, Fortmatic, and Coinbase are integrated into the Trading Terminal.
Another feature is Orion’s Portfolio Management application. It allows users to observe and preserve their activity across exchanges, set alerts for arbitrage opportunities, automate asset management processes, and more. Besides, users do not need to give up custody over their funds because the application extends a non-custodial portfolio management feature.
Adding to the list of services provided by the Orion Protocol (BSC) crypto exchange is the dApp store. The platform provides a marketplace that users can access to purchase Orion-based decentralized software applications. Some applications that users can make use of include Arbitrage apps, Algorithmic trading bots, Payment integration systems, and more.
Lastly, staking opportunities are also available on the platform. Users can put their unused crypto to work by depositing them in liquidity pools for a given period of time for rewards.
About the Company
Orion Protocol has grown at a considerable rate since its inception in 2018. Alexey Koloskov and Kal Ali embarked on a vision to decentralize centralized liquidity by combining CEXs, DEXs, and swap pools into one location.
Orion Terminal’s mainnet launch unveiled one of the world’s first decentralized liquidity aggregators on March 31st, 2021, with hundreds of thousands of hits to the terminal in a matter of seconds. This launch set a precedent in the world of decentralized finance as it lets users connect to centralized order books directly from their own wallets without needing to create an account or provide personal data.
The development team is made up of more than 40 members and it continues to increase as more features are created for Orion Terminal. The front end, back end, and QA team have grown with the guidance of Alexey Koloskov, ensuring each new and pivotal product is implemented with care and precision.
In January 2023, the daily Orion Protocol (BSC) trade volume ranged around $200,000. To see the current Orion Protocol (BSC) volume, check out the chart above.
