Pyth Network today announced the launch of Pyth Pro, a next -generation subscription service aimed at providing institutional market data to cryptocurrencies, shares, fixed income, goods and forex.
Developed in collaboration with Douro Labs, Pyth Pro marks the next phase of Pyth Network’s trip to discover the market data supply chain through a new subscription -based product. Important institutions, including the jumping trading team and several large banks, participate in the Poth Pro premature access program.
The start marks Pyth’s entry into the $ 50 billion data industry, introducing an alternative to traditional providers often plagued by fragmented coverage, opaque pricing and complex integration challenges. Built from and for businesses that have set world prices, Pyth Pro is structured to resolve these deficiencies immediately, providing a single, reliable institutions and other market participants worldwide.
The key features of Pyth Pro include:
- Source -based data: prices contribute directly to top commercial businesses, exchanges and banks, ensuring that institutions are closer to the actual discovery of prices. Transparent aggression with confidence intervals enhances reliability.
- World Coverage: A Single Subscription provides crossing data, cross -and -intersecting peripherals, eliminating silo, blind spots and the need for multiple suppliers’ relations.
- Transparent pricing: Clear subscription items replace opaque contracts, hidden fees and combination, creating predictability for institutions of all sizes.
- Imminic access: Data delivery is available in well -known forms both through the Onchain and Offchain channels, simplifying integration with transactions, risk management and compliance systems.
“Pyth Pro sets a new model for how institutions access to market data, creating a single source of truth in assets, spaces and geographical areas,” said Mike Cahill, chief executive of Douro Labs. “This launch represents an important step forward in reforming the market data economy, closing the gap in a real discovery of prices with widespread coverage, a transparent economy and a service aimed at the most comprehensive layer of financial data in the world.”
“We are proud to be Pyth’s long -term supporters, who has developed one of the most comprehensive and valuable sources of the market ever created,” the Jump Trading Group said. “Pyth Pro makes these data accessible to more consumers, including traditional financial companies, and bring competition to market data economy by providing the cleanest data form directly from the source.”
Pyth Pro is based on the Pyth Network Foundation with more than 2,000 price foods covering multiple assets, spaces and geographical areas. The service provides broad coverage to cryptocurrencies, shares, fixed income, goods and foreign foreign exchange and is already supported by over 125 top institutions. Designed for long -term extension, Pyth Pro can integrate new publishers and assets lessons as the market needs are evolving. A transparent subscription model provides institutions with predictable, scaled pricing that is effectively escalating with use and demand.