In recent years, the world of cryptocurrency trading has seen explosive growth. However, with this growth have come several challenges and limitations, particularly regarding centralized exchanges. These exchanges, controlled by a single entity, can be vulnerable to security breaches, manipulation, and censorship, among other issues. A new generation of decentralized trading exchanges has emerged to address these challenges, such as Orbits. These exchanges operate on a decentralized, peer-to-peer network, allowing users greater security, transparency, and autonomy. In this article, we will explore the benefits and potential of Orbits’ decentralized exchange (DEX) as well as examine how Orbit’s innovative features create more equitable and secure trading systems.What is Orbits? Orbits is an exciting new decentralized exchange project that has taken the world of cryptocurrency trading by storm. Built on cutting-edge ZK-SNARK technology, a technology that offers unprecedented privacy and transaction efficiency, Orbits is a multichain order-book DEX that offers its users various advanced features.Orbits’ Competitive DEX Features:Orbits is a game-changing decentralized exchange that offers users unparalleled privacy, efficiency, and security. Whether you’re a seasoned trader or just getting started with cryptocurrency, Orbits is the perfect place to trade in a safe and reliable environment. Some of its competitive features include:
Ability to Quickly Deploy Sub-stations(Saas system):
One of Orbits’ most unique features is its ability to quickly deploy sub-stations that share the depth, allowing users to trade spots and perpetual seamlessly. This means that it will be much easier for projects to deploy dex easily in a secure and reliable environment.ZK-Snark Powered Privacy and Security:
One thing that sets Orbits apart from other decentralized exchanges is its focus on user privacy and security. By leveraging ZK-SNARK technology, Orbits ensures that all transactions on the platform are entirely private and untraceable, protecting users from potential hacks and thefts.Orbits Key Innovations in DEXs Space:
Orbits decentralized contract trading feature allows users to complete the entire contract order and closing process on-chain, with the whole trading process authorized and decentralized matching, ensuring a safe and authentic transaction. Orbits platform provides more liquidity for contract trading by providing real-time liquidity and timely hedging with Binance’s leading centralized contract trading platform to ensure that users’ market orders can be quickly executed. To further enhance Orbits’ decentralized contract trading liquidity and depth, the platform has introduced a series of API tools:High-Frequency API Order Tool:
The High-Frequency API Order Tool enables automated high-frequency trading and faster order processing, allowing Orbits to automatically place orders and hedge against any risks arising from oracles and cex (e.g bilateral rapid price changes that might not be captured in time by oracles would be fixed by API tool to mitigate price divergence). The tool also provides the platform with better liquidity and commission revenue.These high-frequency order API tools and oracles are both used to achieve real-time bridging of contract trading prices to provide liquidity and order hedging. While providing normal liquidity for user transactions, if the real-time transaction price difference between Orbits and Binance exceeds 10 USDT, the API robot can directly place orders, conduct transactions, and promptly hedge on Binance orders, which will cause the price to return. The platform can also obtain hedging income.Active Trading Strategy APIs:
The platform also features active trading strategy APIs that include the Spot/Contract Grid and Trend Trading:Grid Trading:
Trend Trading: