back13 Sep 20212 min read
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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.

"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," said Miha Vidmar, Bitstamp’s Chief Product Officer. "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.

Discover More

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