Crypto.com is now a node Validator of the Orion Network. Nowadays, this platform acts as an intermediary between the crypto markets and users to facilitate the buying and selling of digital assets. Being a node validator will let Crypto.com trading crypto at broker prices.
According to the Live video AMA, Crypto.com joins as a Broker (Node Validator) on the Orion Network, bringing the liquidity generated by over 10million users. As well as over 100 cryptocurrencies to Orion Terminal. The platform is one of the world’s largest and fast-growing cryptocurrency startups founded in 2016, with more than 10 million users. It offers cryptocurrency cards along with exchange and wallet.
Benefits of Being a Node Validator For Crypto.com And Orion Protocol
Becoming a Node Validator on Orion protocol is an excellent opportunity to expand Crypto.com’s vast cryptocurrency empire. This will be a source of additional revenue from transaction fees while generating even more significant growth for both projects.
On the other hand, Orion Protocol native token (ORN) is now listed on Crypto.com in addition to the growing list of over 100 supported cryptocurrencies and stablecoins. This includes Bitcoin (BTC), Ether (ETH), Polkadot (DOT), Chainlink (LINK), VeChain (VET), USD Coin (USDC), and Crypto.org Coin (CRO) on the platform.
Built on the most advanced liquidity aggregator, Orion Protocol aggregates liquidity of the entire ecosystem into one decentralized platform. Also, it solves the difficulties in transactions associated with the lack of liquidity on the majority of crypto exchanges.
Therefore, the platform provides access to advanced features while keeping it simple to use. Also, Orion Protocol hence being suitable for experienced traders, institutional traders, and newcomers alike. $ORN is an ERC-20 token that powers Orion Protocol.
Finally, Crypto.com app users can now purchase $ORN at actual cost with USD, EUR, GBP, and over 20 fiat currencies. Also, they can spend it at nearly 70M merchants globally using the Crypto.com Visa Card.
You can watch the Live Video AMA with Timothea Horwell, Co-Founder & CMO of Orion Protocol, here:
More Advantages of This Innovation
- For the users: They can now have decentralized access to Crypto.com directly from their wallets. This ensures users can trade while enjoying the liquidity of the fastest-growing crypto app on Orion Terminal.
- For Orion Protocol: This will deepen their liquidity sources more, tightens spreads, increases volume, and is a huge milestone towards the goal of aggregating the entire market.
- For Crypto.com: This enables them to engage in the world of decentralized finance, tapping into a growing user base of traders looking for decentralized alternatives. It provides another point of access to their liquidity, rather than losing market share to DEXs. Without building their DEX, this enables them to do so seamlessly, decentralizing their liquidity without additional effort, development, or costs.
Recently, Crypto.com (CRO) took bold steps to increase its total insurance coverage.
$CRO & $ORN Price
As of publication, the $CRO price was USD 0.1611 with a 24-hour trading volume of USD 39,534,174. Besides, $CRO price is down 0.8% over the last 24 hours. It also has a circulating supply of 25.2 Billion of $CRO tokens and a total supply of 30.2 Billion.
Meanwhile, the $ORN price was USD 8.16 with a 24-hour trading volume of USD 28,251,901. $ORN price has decreased by 4.6% over the last 24 hours. It also has a circulating supply of 30.9 Million $ORN coins and a total supply of 100 Million.
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The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This article has been sponsored by Crypto.com. Copyright Altcoin Buzz Pte Ltd.