Cryptocurrency exchange OKX announced that it is partnering with Pyth Network, which operates one of the largest and most reliable oracle networks.
"Given the recent liquidation events in DeFi, we understand that a high-performance, robust and low latency market data oracle service is crucial in developing financial products in DeFi. The Pyth network, with sub-second latency and its rapidly growing network of highly respected data partners, is an example of this exciting potential," said Lennix Lai, OKX Director of Financial Markets.
Per the statement, the partnership would also help OKX in crypto and traditional finance.
Pyth Network is a next-generation Oracle solution built on the Solana blockchain. It has been designed to provide trusted and verifiable market data to decentralized applications.
"OKX has firmly established itself as a leading global crypto exchange known for innovation and security. Their commitment to DeFi and Web3 resonates with Pyth's mission of promoting more...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...