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Home»Blockchain»Keyrock Trading joins Pyth Network as new data provider
Blockchain

Keyrock Trading joins Pyth Network as new data provider

2024-06-12No Comments2 Mins Read
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Today, the Pyth Network welcomes Keyrock to its data provider community, enhancing the oracle network’s capabilities for powering hundreds of DeFi applications across more than 60 blockchains.

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Keyrock, a leading algorithmic trading and market making company for digital assets, has been at the forefront of asset pricing and scaling liquidity since 2017. Their extensive experience and technical expertise will strengthen Pyth’s Price Feeds offering and ensure a more secure and efficient DeFi ecosystem. .

Expanding participation in the chain

In this partnership, Keyrock will contribute proprietary market data for cryptocurrencies, currency pairs, commodities and US stocks to the Pyth Oracle. The Pyth Network collects data from up to 63 other first-party providers and produces a robust and reliable pricing feed that supports smart contract operations. This extensive price data serves DeFi applications across several ecosystems, including EVM, Cosmos, Move, Bitcoin, and Solana.

By integrating with Pyth, Keyrock enhances its on-chain presence in the decentralized finance space at minimal cost and risk. Additionally, this partnership allows Keyrock to monetize the data they generate during their daily activities, further encouraging their participation.
“By joining forces with Pyth Network, we can revolutionize on-chain price feeds, improving decentralization and security on a global scale. DeFi will benefit from the kind of data that only an active and experienced market player like Keyrock can provide. “

Juan David Mendieta, CSO of Keyrock
“We are excited to help push the boundaries for DeFi and bridge the gap between traditional, centralized markets and decentralized markets,” said Juan David Mendieta, CSO of Keyrock.

See also  Why Ethereum's PoW Network is Flourishing Lately

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About Keyrock

Founded in Belgium in 2017, Keyrock specializes in scalable, self-adaptive algorithmic technologies to support efficient asset markets. The company provides exceptional liquidity services to tokens, exchanges and brokers within the cryptocurrency ecosystem. With connections across more than 85 trading platforms, including centralized and decentralized exchanges, Keyrock excels at collecting price data at scale. Their mission is to democratize cryptocurrency liquidity through transparency, operational integrity and regulatory compliance.

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Data Joins Keyrock Network Provider Pyth Trading
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