Tower Research Capital to Contribute Crypto Pricing Through the Pyth Network

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NEW YORK–()–Tower Research Capital (“TRC”), a leading quantitative trading firm, today announced that it has joined the Pyth Network (“Pyth”), a decentralized financial market data distribution platform. TRC will begin by contributing real-time Bitcoin pricing to the Pyth network for consumption by smart contracts.

“We are excited to be part of the Pyth network which we hope has the potential to improve how market data is used in the DeFi ecosystem. At Tower we live by our entrepreneurial spirit and are very eager to embark on this challenge with Pyth,” said Albert An, CEO of Tower Research Capital. TRC’s decision to join Pyth follows a similar move by other industry leaders. Pyth is based on Solana, which is an open-sourced and decentralized blockchain platform, and is building support for cross chain accessibility.

“We are excited to see Tower, another prominent trading firm with deep quantitative…

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