Orbs partners with SYMMIO
O rbs partners with SYMMIO a protocol for Symmetrical Contracts. Upon examining leading centralized exchanges such as Binance, OKX, KuCoin, and others, Orbs has observed a significant increase in perpetual futures trading volumes compared to spot trading. According to CCData, derivatives accounted for 78.2% of the total cryptocurrency trading volume on centralized exchanges in July 2023. The significant factor contributing to these high volumes is that derivatives trading can involve leverage, sometimes up to x100, allowing traders to amplify their positions beyond what their cash balance alone would permit. The main reason is that prominent on-chain derivatives platforms like GMX and dYdX function with an order book or virtual liquidity mechanism, which necessitates LPs and over-collateralization when leveraging, resulting in reduced capital efficiency. Symm.io offers “Unlimited Liquidity” with intent-based execution. Symm.io aims to address the capital efficiency challeng...