Oct. 20. 2022 – BTSE, a leading digital asset exchange, today announced a partnership with Pyth Network, a specialized oracle solution for latency-sensitive financial data. As a first-party data provider to the Pyth Network, BTSE will contribute real-time price data for spot cryptocurrency assets. The addition of the BTSE ecosystem will bolster Pyth with data on 50+ token pairs to further increase cryptocurrency market transparency.
Pyth operates one of the largest and most reliable oracle networks, deriving price data from 75 data providers, comprising top global trading firms, exchanges, and crypto companies. The Pyth Network aggregates and publishes data at sub-second speeds for 100+ price feeds across spot crypto, equities, FX, and metals, constituting one of the most diverse oracle solutions and most reliable source of financial data for the DeFi ecosystem.
Aided by Pyth’s network, BTSE’s mission to drive mass crypto adoption will further cement the necessity for underlying supportive ecosystems as data becomes more accessible. BTSE’s role in the Pyth community reinforces a commitment to decentralized finance, previously evidenced by its Web3.0 integrations with Metamask, WalletConnect and Phantom.
“Our growing suite of financial services is designed to bridge traditional finance with digital asset solutions. With this latest partnership, we are making strides in furthering crypto mass adoption. Pyth’s commitment to DeFi and Web3 resonates closely with our own, and we’re delighted to join hands to provide comprehensive access to high-fidelity financial services,” said BTSE Chief Executive Officer Henry Liu.
BTSE is a leading digital asset exchange that offers a simple and secure way to trade cryptocurrencies. BTSE’s innovative products are designed with one key stakeholder in mind: the end user. As the go-to exchange for all things crypto, BTSE is one of the most trusted crypto platforms for institutions, retail users and first-time traders. Additionally, BTSE licenses its industry leading technology to exchanges worldwide through its white label exchange solutions, strengthening the BTSE ecosystem and bridging traditional finance with digital assets everywhere.
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About Pyth Network
Pyth Network is a specialized oracle solution for latency-sensitive financial data that is typically kept behind the “walled gardens” of centralized institutions. Pyth Network is focused on finding a new and inexpensive way to bring this unique data on-chain and aggregating it securely.
For more information about Pyth Network, please visit pyth.network
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