Major Exchange Operator Cboe Has Joined The Pyth Network

Cboe Global Markets is dabbling with decentralized finance by providing real-time pricing over the Pyth network.

According to a corporate announcement, Cboe is the first large exchange operator to join Pyth and will begin publishing limited derived equities market data for 10 symbols in the fourth quarter.

The Solana blockchain-based network feeds market data into on-chain projects and protocols. It uses data from over 70 reputable sources, including Jane Street, Virtu Financial, and Two Sigma Securities.

Adam Inzirillo, senior vice president and head of North American equities at Cboe, stated:

“Cboe’s U.S. equities markets are among the largest and most liquid in the world and provide trusted and accurate data that market participants rely on to make critical trading decisions.

Our participation in the Pyth network will provide another avenue to broaden customer access to our data and aligns with our strategy to deliver market data to investors around the globe based on how they want to consume their data, whether through direct connectivity methods, the cloud or the blockchain.”

Catherine Clay, executive vice president of data and access solutions at Cboe, said:

“We believe DeFi has the potential to play an important role in defining the future of our financial markets and we are excited to help support its growth through innovative initiatives like the Pyth network.” 

Cboe recently acquired Eris Digital Holdings, a US-based digital asset spot market, regulated futures exchange, and clearing house, which the company renamed Cboe Digital earlier this week. The exchange operator’s position in the digital assets market has been strengthened as a result of the transaction.

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