Gate.io, a bitcoin and cryptocurrency exchange, today announced its collaboration with a decentralized financial data provider, Pyth Network, to provide reliable price data for cryptocurrencies on the platform.
By partnering with the Pyth Network, data providers like Gate.io contribute to regular live market data, and developers can access this data directly on the blockchain. Pyth Network is a Solana-based data aggregation platform for the Decentralized Finance (DeFi) marketplace. It helps solve a problem faced by DeFi by making available high-resolution, time-sensitive data.
“Providing users with accurate and reliable cryptocurrency price data is one of our top priorities at Gate.io. More than 6 million users worldwide rely on up-to-date and reliable data when trading on our platform, thus we have partnered with the Pyth Network to ensure the best possible trading experience for our users.”
– Marie Tateboyt, Director of Marketing at Gate.io
Gate.io offers spot and margin trading, futures and contracts as well as DeFi products through Hipo DeFi, custodial services through Wallet.io, and investments through Gate Labs and its GateChain platform. Moreover, the company also offers a full line of products such as Startup IEO platform, NFT Magic Box marketplace, crypto loans and more.