back01 Nov 20222 min read
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New Pyth Data Provider: Binance Oracle

We are thrilled to announce that Binance Oracle will contribute price data directly to Pyth. Binance Oracle is an official data service provided by Binance to provide reliable, secure, and timely on-chain data feeds to the projects on the BNB chain. This collaboration will greatly bolster Pyth market coverage from the major crypto assets to most of the BEP tokens.

What is Binance Oracle?

  • Binance Oracle is an important piece of infrastructure to boost the growth of DeFi. It is a data feed provided by Binance aimed at providing reliable, secure, and timely on-chain data to decentralized applications. This trustworthy data helps build a better ecosystem and lay a foundation for more exciting projects, starting from the BNB chain.
  • Binance is the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume.
  • Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users and features an unmatched portfolio of crypto products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more.

We built Binance Oracle with the goal to support the growth of the blockchain ecosystem by laying a foundation for supporting more exciting dApp projects," said Jack Chan, Engineering Lead of Binance Oracle. "We are glad that Pyth shares the same mission with us and we look forward to the collaboration. We believe this partnership can help us to deliver reliable, secure, and timely on-chain data feeds to more consumers, benefiting the developer community.”

“Binance is the world’s leading exchange for crypto assets, and their commitment to the blockchain community is exemplified with the launch of Binance Oracle," said Mike Cahill, Director of the Pyth Data Association. "The high-quality data provided by Binance Oracle will only make Pyth more robust and support our mission of bringing all data to all users on all chains.”

We look forward to further joining forces with more amazing partners to build the digital data marketplace we all need — a marketplace for institutional-grade, high-fidelity financial data made accessible for any application on any blockchain.

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We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.

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