Mettalex Becomes a Broker on Orion Terminal

Mar 26, 2021

Mettalex’s commodity derivatives markets and the MTLX token will be listed on Orion Terminal, the decentralized gateway to crypto.

We are delighted to announce that Mettalex and Orion Protocol are joining forces to bring decentralized commodity derivatives and exotics to a wider audience of traders!

In joining as a broker on the Orion Broker Network, Mettalex will enrich the Orion ecosystem with increased cross-chain liquidity for unique DeFi markets. Meanwhile, Mettalex’s native token – MTLX – will be made available for trading on Orion Terminal.

Becoming part of Orion’s Broker Network is an exciting opportunity that will enable Orion’s community of traders to access markets unavailable anywhere else in DeFi. The integration will allow speculators to experience Mettalex’s capital-efficient banded trading approach and short or long a range of DeFi-first markets. 

The cooperation will facilitate user growth for both protocols.

“Working together, Mettalex will provide Orion users access to decentralized commodity derivatives and exotics, while Orion will improve Mettalex’ user experience by expanding accessibility to their cross-chain derivatives. Orion and Mettalex will enable a more secure, flexible, and user friendly experience to the rapidly growing DeFi space.” Alexey Koloskov, Orion Protocol CEO

“The integration of Mettalex and Orion Protocol will enable a wider audience of users to get short or long exposure to a range of unique DeFi markets straight from the Orion Terminal. The synergy of the two projects will greatly boost their unique value propositions and help them move closer to the goals of true decentralization, accessibility, and wider adoption. I am confident that both of our communities will strongly benefit from this cooperation.” Humayun Sheikh, Mettalex CEO

About Orion Protocol

Orion Protocol will aggregate the liquidity, order book depth, and price discovery from every centralized and decentralized digital asset market, enabling the creation of the Orion Terminal: the decentralized gateway to crypto. Governing Orion Protocol is the proprietary staking mechanism Delegated Proof of Broker, fulfilling every function via a decentralized brokerage, a network of third-party brokers (including Injective, AscendEX BitMax, KuCoin, and MXC) chosen to carry out all transactions on the platform, with the ORN token at its core. For more information, please visit www.orionprotocol.io

About Mettalex

Mettalex is a decentralized commodities derivatives trading platform powered by Fetch.ai. Founded with the mission to bring the $20 trillion commodities market on-chain, Mettalex provides the technology needed to scale the DeFi ecosystem to meet the needs of today’s global financial markets. The Mettalex DEX aligns the incentives of traders, liquidity providers, and physical commodity holders, and brings unique, commodities-focused markets to the DeFi space. Mettalex’s innovative system design introduces improvements in UI/UX, trading process, automatic market making, and decentralized price data feeds (oracles). For more information, please visit www.mettalex.com