back24 Oct 20221 min read
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New Pyth Data Provider: MBIT

We are delighted that MBIT, the digital asset trading arm of the MCAP group and cryptocurrency liquidity provider, has joined the Pyth network.

MBIT will be providing Pyth with institutional-grade, real-time market data across a wide array of digital asset pairs in support of its mission to bring greater liquidity and transparency to cryptocurrency markets.

Who is MBIT?

  • MCAP Inc. is a publicly listed operating company (OTC ticker: MCAP) that focuses on technology-driven financial services.
  • MCAP’s underlying theme is the development of businesses that address the rapidly changing global financial markets.
  • MBIT LLC is the digital asset trading arm of the MCAP group.
  • MBIT is a global market-maker providing liquidity in spot and derivative cryptocurrency markets on both a streaming and bespoke on-demand basis.

“We believe it is crucial for the continued development of Blockchain and Web3 applications to have highly reliable data that can be delivered at sub-second latency. The Pyth network is rapidly expanding to fill that need and we are excited to partner with it.” said MCAP Inc. C.E.O. David Menn

“MCAP is such a well-respected trading firm, market maker, and financial technology developer, so it is really exciting to see them get more entrenched in the digital asset ecosystem. Pyth is a perfect fit here and we at Jump Crypto look forward to working alongside the talented MBIT team to further strengthen this oracle network.” Commented Stephen Kaminsky, Special Projects at Jump Crypto.

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.

Discover More

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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