Gate.io, a bitcoin and crypto exchange company, today announced a cooperation with the decentralized financial data provider, Pyth Network, to provide reliable cryptocurrency pricing data on the platform.
By partnering with Pyth Network, data providers such as Gate.io contribute regular, live market data, and developers are able to access this data directly on the blockchain.
“Providing users with accurate and reliable cryptocurrency price data is one of our top priorities at Gate.io. Over 6 million users around the world rely on up-to-date, reliable data when trading on our platform and as such we have partnered with Pyth network to ensure the best possible trading experience for our users.”
– Marie Tatibouet, Chief Marketing Officer at Gate.io
Pyth Network is a Solana-based data aggregation platform for the decentralized finance (DeFi) market. It helps solve a problem faced by DeFi by making available high-fidelity and time-sensitive data.
Gate.io offers spot, margin, futures, and contract trading in addition to DeFi products through Hipo DeFi, custodial services through Wallet.io, investments through Gate Labs, and its GateChain platform. Furthermore, the company also offers a wholly integrated suite of products such as its Startup IEO platform, NFT Magic Box marketplace, crypto loans, and more.