“Given the latest liquidation occasions in DeFi, we perceive {that a} high-performance, sturdy and low latency market information oracle service is essential in creating monetary merchandise in DeFi. The Pyth community, with sub-second latency and its quickly rising community of extremely revered information companions, is an instance of this thrilling potential.”
OKX has partnered with Pyth community, the specialised oracle resolution for latency-sensitive monetary information that’s sometimes stored behind the “walled gardens” of centralized establishments.
Pyth is constructed on the Solana blockchain and designed to supply trusted and verifiable market information to decentralized functions. Pyth aggregates and publishes information at sub-second speeds, making it obtainable throughout blockchains through the Wormhole messaging protocol.
The community has shortly grown to function one of many largest oracle networks, deriving value information from greater than 70 main establishments, each in crypto and conventional finance.
Market information oracle is essential in creating monetary merchandise in DeFi
Lennix Lai, OKX Director of Monetary Markets mentioned: “Given the latest liquidation occasions in DeFi, we perceive {that a} high-performance, sturdy and low latency market information oracle service is essential in creating monetary merchandise in DeFi. The Pyth community, with sub-second latency and its quickly rising community of extremely revered information companions, is an instance of this thrilling potential.”
Michael Cahill, Director of the Pyth Knowledge Affiliation, mentioned: “OKX has firmly established itself as a number one international crypto alternate recognized for innovation and safety. Their dedication to DeFi and Web3 resonates with Pyth’s mission of selling extra environment friendly on-chain markets and we look ahead to partnering with them on this journey.”
OKX, previously often known as OKEx, is the second largest international crypto alternate by buying and selling quantity, serving greater than 20 million international prospects and offering a crypto buying and selling app for buyers {and professional} merchants. The agency additionally boasts the OKX Pockets.
OKX partnered with TradingView
OKX has not too long ago partnered with TradingView, bringing over 260 extra cryptos to the highest investing platform that already counts with 30 million prospects.
Underneath the partnership, TradingView’s customers can execute trades on OKX immediately by way of the platform and are supplied with 640 extra spot buying and selling pairs and over 100 crypto derivatives.
Whereas OKX already caters to shoppers throughout 180 nations, the crypto alternate has not too long ago acquired a provisional digital belongings license to function in Dubai. The Seychelles-based cryptocurrency alternate has obtained the approval from Dubai’s Digital Property Regulatory Authority (VARA).
OKX additionally launched Block Buying and selling in order that professionals and institutionals can execute giant, privately negotiated transactions off the order books. The providing consists of crypto spot, futures, choices, and perpetual swap trades, in addition to multi-leg mixture trades, over-the-counter. OKX plans to ultimately increase Block Buying and selling to supply bespoke methods, additional OTC merchandise and integrations with DeFi derivatives protocols.
