Pyth Network Unveils Pro X Data Service for Multi-Asset Exchanges | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis
Pyth Network has launched Pyth Pro X, a market-data service designed for exchanges operating multi-asset markets.
The service provides real-time pricing and collateral-valuation tools for venues including Bitget, BitMEX, Coinbase, Crypto.com, DreamCash, LMAX and TradeXYZ.
Pyth Pro X aims to replace fragmented vendor feeds and restrictive data-licensing arrangements with a unified price layer supporting crypto, equities, indices, FX and structured products.
Douro Labs chief executive Mike Cahill said the system was designed to break “the barriers preventing institutions from operating a truly real-time, global exchange”.
The service offers sub-100-millisecond latency and more than 2,500 price feeds. It also includes 24/5 continuous pricing for over 50 U.S. equities to support the expansion of equity perpetuals and cross-margin frameworks.
Marc Zeitouni, chief executive of Coinbase International Exchange, said integrating the service would help deliver “region-specific solutions” supported by high-fidelity pricing.
BitMEX’s Samuel Sandiford stated that it had become foundational for valuing crypto and real-world-asset collateral through a single data source.
Pyth Pro X builds on the adoption of Pyth Pro, which surpassed $1 million in annual recurring revenue in its first month.
