PEAK6 (or the “Company”), a financial technology business, announced its crypto trading business has joined the Pyth network, a next-generation oracle platform designed to provide trusted and verifiable market data to decentralized applications. Through its new crypto business, PEAK6 will provide real-time cryptocurrency data to the Pyth network.
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The Pyth network is a next generation oracle solution specifically designed to deliver more timely, accurate and valuable data on-chain and on a sub-second timescale. PEAK6 joins more than 45 prominent data publishers across various asset classes, including digital assets, equities and FX. Participants in the Pyth network include Cumberland DRW, Flow Traders, FTX, Galaxy Digital, Jane Street, Jump Trading Group, LMAX, Two Sigma Securities and Virtu Financial, among others.
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“At its core, PEAK6 is committed to investing in and partnering with transformational organizations that are building a better world through the power of technology, which is why joining Pyth was an obvious decision,” said Tom Simpson, Chief Executive Officer, PEAK6 Capital Management. “We look forward to contributing to the success of DeFi and the fast-evolving transformation of the financial markets through this important project. Together, we will work to make crypto and traditional financial market data accessible in an innovative way.”
Pyth price feeds have been available on the Solana mainnet since August 2021 and leading Solana dApps like Bonfida, Drift, Hxro, Mango Markets, Saber Labs, Solend, Synthetify, Port, and Zeta Markets have integrated with Pyth network to strengthen their protocols’ uptime guarantees and automate critical on-chain functions in a highly reliable, fully decentralized, and cost-efficient manner.
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