KuCoin and Pyth Network Form a Strategic Partnership

　　According to the Financial Post, which cited a statement from KuCoin, the Seychelles-based cryptocurrency exchange KuCoin has announced a strategic alliance with the Pyth Network.

　　KuCoin has committed to providing real-time pricing of trading pairs listed on KuCoin to the Pyth network, enabling all traded currencies on KuCoin to the Pyth network and completing the whole chain of crypto market values.

　　The Pyth Network is a specific Oracle solution for handling latency-sensitive financial data, which is normally maintained behind a “walled garden” at a central authority.

　　The Pyth network's entire goal is to create a new low-cost mechanism to safely collect this unique data on-chain.

　　KuCoin CEO Johnny Lyu said: “As the People's Exchange, KuCoin is committed to providing users with a better crypto experience while also joining forces with more organizations to bring crypto to the masses. Bringing real-world data on-chain is one of the infrastructures of the DeFi world. We look forward to building a more transparent on-chain data marketplace in the blockchain industry through Pyth network as a key partner, which will help to create a new DeFi world that is more collaborative and open and accelerates crypto to mass adoption.”

　　KuCoin Exchange, the world's fifth-largest brokerage platform by trading volume, has announced a $150 million pre-Series B fundraising round.

　　The global cryptocurrency exchange has now joined the ranks of major trading platforms such as FTX Derivatives Exchanges and Coinbase, which are both valued at more over $10 billion.

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