Genesis joins fellow trading firms Jump Trading Group, GTS, and Virtu Financial
Genesis Global Trading, Inc., an industry pioneer and leader in over-the-counter digital currency trading, announced that it has joined the Pyth network, a decentralized financial market data distribution platform. By joining Pyth, Genesis will be providing cryptocurrency prices to the Pyth network to enable real-world data on-chain on a sub-second timescale.
“We look forward to working in tandem to accelerate DeFi applications and create more efficient markets.”
Genesis’s announcement comes on the heels of similar announcements from leading trading firms Jump Trading Group, Virtu Financial, and GTS as market participants channel the power of the blockchain for real-world applications.
“We are excited to join the first set of data providers the Pyth network is assembling,” said Martin Garcia, Managing Director at Genesis. “We look forward to working in tandem to accelerate DeFi applications and create more efficient markets.”
The Pyth network is built on Solana, a fast blockchain well-suited for timely and cost and energy efficient receipt and distribution of fast-moving data, and other major blockchains to deliver real-time, high performance and verifiable data. Pyth also plans to make its Mainnet debut imminently.
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“We are excited that Genesis has joined the rapidly expanding group of industry pioneers who share the goal of distributing precise, high caliber financial data using high performance blockchains,” said Michael Cahill, Head of Business Development, Digital Assets, EMEA, of Jump Trading Group. “Bringing another leading industry participant into the Pyth network coupled with its approaching Mainnet launch, brings the industry one step closer to better decentralized markets.”
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