CryptoNinjas » Crypto trading platform Orion Terminal integrates Binance Bridge

Decentralized exchange aggregation ecosystem Orion Protocol, announced today it has now integrated Binance Bridge into its trading terminal via Orion Bridge. In doing so, Orion Protocol enables users to efficiently trade across the ETH ecosystem on the Binance Smart Chain; which offers access to ETH assets – without ETH network fees and latency.

Currently built on Ethereum and Binance Smart Chain, Orion has also initiated integration with Cardano, Polkadot, Fantom, Avalanche, HECO, Elrond, and more.

Orion Protocol has created Orion Bridge to integrate different chains’ respective bridges into the terminal to enable cross-chain trading between assets held across different chains.

Binance Bridge creates a gateway to cross-chain liquidity from other blockchains onto the Binance Chain and Binance Smart Chain dApps. The number of projects built on Binance Smart Chain continues to grow, but these projects (including PancakeSwap) are yet to integrate Binance Bridge into their platforms, requiring users to use an external bridge with a number of steps in place in order to trade cross-chain.

Meanwhile, Orion Protocol’s integration of Binance Bridge into Orion Bridge allows for this to occur seamlessly on Orion Terminal. With Orion’s integration of BSC already in place, integrating the Binance Bridge into Orion Terminal via Orion Bridge improves interoperability between the Binance Smart Chain ecosystem and Ethereum.

While many decentralized aggregators and exchanges work to enable cross-chain trading, Orion Protocol is the first to make significant strides in doing so, allowing users to trade assets across the ETH ecosystem via other chains in its first iteration of Orion Bridge. This enables traders greater flexibility, accessibility, and affordability in trading, allowing users to trade ERC-20 tokens without the associated latency and ETH network fees.

Not only does BSC halve wait times for off-chain order execution and on-chain order settlement, but transactions on BSC can also cost 135x less than they currently cost on Ethereum, making commissions for deposits, withdrawals, orders, etc. on the terminal negligible.

Users will be able to trade ERC-20 tokens listed on Orion Terminal directly from their ETH wallet on Binance Smart Chain using a ‘helper wallet’ – with all settlements on Binance Smart Chain. Users need only to pay Ethereum network fees when depositing into the smart contract on Orion Terminal; all subsequent trading and withdrawals will benefit from the marginal network fees of BSC.

Additionally, integrating Binance Bridge enables the support of native tokens like BTC, LTC, DOT, and others; allowing users to trade native (not wrapped) tokens directly on the Terminal via Metamask.

Orion Protocol is building a decentralized gateway to the crypto market to include every centralized exchange, decentralized exchange, and swap pool. While Orion works towards its goal of integrating every major chain and exchange, it is the only liquidity aggregator in the market to provide decentralized access to centralized exchange liquidity.

CryptoNinjas » Crypto trading platform Orion Terminal integrates Binance Bridge

Similar to Notcoin - Blum - Airdrops In 2024

origin »

208 +