Cryptocurrency News

bitbank, inc. Partners With The Pyth Network

bitbank, inc. Partners With The Pyth Network

bitbank, inc. one of the largest and most trusted cryptocurrency exchanges in Japan, is proud to announce that we are joining the Pyth network (HQ: Zug, Switzerland) and will deliver our institutional grade cryptocurrency market data on-chain to power the world of DeFi!

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Pyth network is a next generation oracle bringing accurate, time sensitive real world market data across Crypto, Equities, FX and Commodities to DeFi. The network sources price data from 60+ of the best exchanges, trading firms and crypto companies, and aggregates it on-chain, resulting in high quality and reliable price feeds for off- and on- chain consumption.

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Noriyuki Hirosue, founder and CEO of bitbank, stated: “Timely and transparent data is the cornerstone of creating a thriving ecosystem in the financial space. We believe that the Pyth network has the potential to deliver a dependable market data infrastructure in DeFi, and are looking forward to taking part in the initiative.”

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