back Back

CoinShares joins Pyth Network for the availability of Cryptocurrency data

By Joy Dumasia

August 18, 2021

  • Coinshares
  • Europe
  • Pyth Network
Share

CoinShares, Europe’s digital asset investment platform, announced that it would be contributing real-time crypto pricing data to the Pyth network, a decentralized financial market data distribution platform for aggregated data.

The Pyth network is built on Solana, a blockchain protocol well-suited for timely and effective receipt and distribution of market data used in high-frequency trading operations and environments where trust, accuracy, and speed are critical to performance.

CoinShares can contribute its market data directly to the Pyth network, where data consumers can stream it directly from the blockchain, in real-time and with a high degree of confidence rather than depending on intermediaries or third-party aggregators.

CoinShares trades billions of dollars in digital assets per quarter and manages over US$3B in assets across multiple asset management platforms for investors in Europe, North America, and Asia. The Company has built its financial technology platform and capital markets infrastructure to enable digital asset exposure to institutions and individuals by bridging centralized and decentralized finance.

Jean-Marie Mognetti, Chief Executive Officer of CoinShares, commented, “Since launching the world’s first crypto exchange-traded product (ETP) in 2015, enabling effective price discovery has been a key focus for CoinShares. A number of regulators have even cited the perceived lack of transparency related to crypto markets and pricing as a core reason to deny retail access to crypto ETPs and ETFs. Pyth network was an obvious partnership for us, as we continue to execute on our vision to unlock more transparency and establish trust in the broader crypto ecosystem using the underlying blockchain protocol to provide verifiable, trusted, real-time data to market participants.”

Kanav Kariya, Director of Strategic Initiatives, Digital Assets, at Jump Trading Group, said: “As a thought leader in the broader crypto ecosystem with a track record for spearheading innovative solutions for investors, we are grateful for CoinShares’ support and membership in the Pyth network. We believe DeFi will continue to scale and are eager to spur its acceleration through this partnership and many more to come.”

Previous Article

August 18, 2021

Deko acquires Imegamedia to enhance integration for further expansion

Read More
Next Article

August 19, 2021

Matrixport expands senior leadership team to further global expansion

Read More







Advertise with us



IBSi Daily News Analysis

Fraud

June 29, 2022

Coinshares

UK has become the global hub for fraud due to an explosion of cybercrime

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

DIFC selects Tarabut Gateway as platform partner for its Open Finance Lab

Read More

Today

mmob joins Mastercard’s inaugural global Start Path Open Banking Programme

Read More

Today

Cogent Bank launches real-time, blockchain-based payments via TassatPay

Read More

Related Reports

Sales League Table Report 2022

£ 1,500.00 / year

Know More
Global Digital Banking Vendor and Landscape Report Q1 2022

£ 1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q1 2022

£ 1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q1 2022

£ 1,500.00 / year

Know More
Treasury and Capital Markets Systems Report 2021

£ 1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022