Pyth Network launched Pyth Pro X, a market data service designed for exchanges operating in multi-asset trading, with the goal of replacing fragmented data distribution models with a unified pricing layer.
The system offers access to more than 2,500 price feeds through a single integration, covering cryptocurrencies, equities, currencies and indices, with latency below one hundred milliseconds.
Unlike traditional schemes, where each asset class requires a different provider and separate licensing negotiations, Pyth Pro X aggregates data directly from market participants and distributes it under a subscription model with no additional redistribution contracts. This allows exchanges to launch new products faster and reduce operational risks stemming from inconsistencies between price sources.
This service delivers a single source of truth across all asset classes and geographies. It is already used by platforms such as Bitget, BitMEX, Coinbase, Crypto.com, LMAX and TradeXYZ. The network accumulates more than $2.4 trillion in trading volume and distributes data across more than one hundred blockchains.
Source: https://x.com/PythNetwork/status/2034646259445997813
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