Global cryptocurrency trading platform, Gate.io, announced a partnership with decentralized financial data provider, Pyth network, to provide reliable cryptocurrency pricing data on the platform.
“Providing users with accurate and reliable cryptocurrency price data is one of our top priorities at Gate.io. Over 6 million users around the world rely on up-to-date, reliable data when trading on our platform and as such we have partnered with Pyth network to ensure the best possible trading experience for our users,” said Marie Tatibouet, Chief Marketing Office at Gate.io
Established in 2013, Gate.io has grown to become one of the oldest cryptocurrency exchanges in the world. The platform serves over 6 million users, offering over 1,700 trading pairs with 1,000 different cryptocurrencies listed on the main exchange. Gate.io offers regular spot trading in addition to leveraged futures and derivatives trading. In addition to cryptocurrency trading, the Gate.io ecosystem also has an investment arm, Gate Ventures, a native blockchain ecosystem in GateChain, an NFT market place in NFT Magic Box and a DeFi platform known as Hipo DeFi.
Pyth network is a Solana-based data aggregation platform for the decentralized finance (DeFi) market. It helps solve a problem faced by DeFi by making available high-fidelity and time sensitive data.
Gate.io believes that as the DeFi market continues to grow and mature, the global financial market will change shape. By partnering with Pyth network, data providers such as Gate.io contribute constant, live market data and developers are able to access this data directly on the blockchain. By leveraging its position as a top 10 cryptocurrency exchange, Gate.io hopes to promote and contribute to the expansion of the global DeFi ecosystem.