I launched Pyth Network Pyth Pro, a subscription -based service aimed at institutional customers.
This step is said to challenge the dominance of traditional service providers in the market data sector of $ 50 billion.
Pyth Pro has been developed with Douro Labs, and provides institutional classes through cryptocurrencies, stocks, fixed income, commodities and foreign exchange.
Among the early adopters is the jumping group and many large banks, indicating a strong demand for an alternative to old data platforms.
The company stated that the service aims to address long -term shortcomings in this industry, as companies often face fragmented coverage, uncomfortable prices and complex integration requirements.
Instead, Pyth Pro unifies cross, cross and cross -crossing data through one subscription, while replacing transparent prices with hidden fees and common collection practices among current service providers.
“Pyth Pro specifies a new standard for how to access market data, and create one source of truth through assets classes, places and geography,” said Mike Cahill, CEO of Doo Labs. “This launch represents a big step forward in reshaping the market data economy, which leads to bridging the gap to the discovery of real prices.”
The platform is said directly from the leading commercial companies, banks and exchanges, which enhances reliability with transparent assembly periods and trust separators. The data can be delivered both ONSAIN and Offchain in familiar formats, which simplifies integration with trading systems, risk management and compliance systems.
The Jump Trading Group Group welcomed, describing Pyth as “one of the most comprehensive and valuable sources of market data that was ever created”, and said that Pyth Pro would bring competition and transparency to the market data scene.