Pyth Data Marketplace Launches With Major Financial Institutions

Pyth Network has launched its Data Marketplace, a platform that allows institutions to distribute their datasets through on-chain infrastructure. The Pyth Data Marketplace has already onboarded six major financial institutions.

Introduction to Pyth Data Marketplace

The Pyth Data Marketplace is a game-changer in the institutional distribution of market data. It enables institutions to retain full control over their data, attribution, and access conditions. With over 120 data-publishing institutions, 3,000 active price feeds, and over three trillion dollars in secured trading volume, Pyth Network is poised to revolutionize the way market data is distributed.

Key Features of Pyth Data Marketplace

Benefits for Institutions

• Distribute datasets through on-chain infrastructure
• Retain full control over data, attribution, and access conditions
• Reach over 100 blockchains and 700 applications

According to Mike Cahill, CEO of Douro Labs, "Our 24/7 global economy needs more than a price layer. It needs a comprehensive, accessible, and transparent data layer."

Participating Financial Institutions

The six major financial institutions that have joined the Pyth Data Marketplace are Euronext FX, Exchange Data International, Fidelity Investments, OTC Markets Group, SGX FX, and Tradeweb. These institutions will distribute their datasets, including FX spot, precious metals, crude oil swaps, and reference data on equities, ETFs, fixed income, and derivatives.

Key Takeaways

• Pyth Data Marketplace allows institutions to distribute datasets through on-chain infrastructure
• Over 120 data-publishing institutions and 3,000 active price feeds
• Major financial institutions, including Euronext FX and Fidelity Investments, have joined the platform
• Pyth Network has secured over three trillion dollars in trading volume

Frequently Asked Questions

What is the Pyth Data Marketplace?

The Pyth Data Marketplace is a platform that enables institutions to distribute their datasets through on-chain infrastructure, retaining full control over their data.

Which financial institutions have joined the Pyth Data Marketplace?

Six major financial institutions, including Euronext FX, Exchange Data International, Fidelity Investments, OTC Markets Group, SGX FX, and Tradeweb, have joined the platform.