Pyth Launches Data Marketplace with Support from Major Financial Institutions

On April 11, Pyth announced the official launch of its Pyth Data Marketplace. According to BlockBeats, the marketplace has gained the backing of six major financial institutions as data providers. These institutions include Euronext, Exchange Data International, Fidelity Investments, OTC Markets Group, SGX's FX data business, and Tradeweb. Previously, these organizations primarily distributed data through traditional suppliers and proprietary terminals. The Pyth Data Marketplace allows institutions to distribute proprietary data, such as macroeconomic indicators, over-the-counter pricing, and foreign exchange benchmarks, while retaining ownership, pricing rights, and attribution.