New Pyth Data Provider: Bitstamp
We are thrilled to welcome Bitstamp, the world’s longest-running exchange, to the Pyth network in order to revolutionize how financial market data is collected and distributed!
Who is Bitstamp?
- Bitstamp is the world’s longest-running cryptocurrency exchange, supporting investors, traders, and leading financial institutions since 2011.
- Bitstamp has consistently ranked in the top 10 spot markets, in terms of volume for almost a decade and is now trusted by over 4 million customers.
Proven Track Record:
- It has built a reputation as one of the most trustworthy and reliable platforms, with the best uptime in its industry.
- Over the last year, the exchange has listed 22 new assets and over 70 new trading pairs, while introducing a range of new services, the latest being Bitstamp Earn, its staking service.
Bitstamp will initially contribute its real-time crypto (BTC/USD) market data to Pyth Network. Miha Vidmar, Bitstamp’s Chief Product Officer, said: “The Pyth Network with its specialized oracle solution for latency-sensitive financial data presents an important building block in the next-generation DeFi crypto market infrastructure. Decentralized finance relies on high-fidelity, time-sensitive, and real-world input. The Pyth Network focuses on new ways of bringing live data on the blockchain and aggregating it securely. By providing smart contracts with decentralized access to live-stream info that they need, Pyth Network has the potential to build the future of next-generation DeFi apps that present the cornerstone of the DeFi evolution.”
We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.
You can read more about our partnership with Bitstamp in the press release.
Bitstamp Website: https://www.bitstamp.net/
Pyth Network: https://pyth.network/
