GHCO, the leading market-maker and liquidity provider specialising in ETFs and crypto ETPs, has joined the Pyth network, a next-generation oracle solution designed to bring real-world data on-chain on a sub-second timescale.
The Pyth network is built on Solana, a blockchain that can handle 50,000 transactions per second. The design principle of the Pyth network is to be a multi-chain project working across other leading blockchains to provide seamless, interoperable solutions across platforms and bring real-world market data on-chain in a tamper-resistant environment.
GHCO will initially provide a pricefeed data on a number of cryptocurrency USD pairs, including Bitcoin, Ethereum, Cardano, Litecoin and Polkadot.
GHCO joins other prominent market makers, market infrastructures, and cryptocurrency exchange platforms as part of the Pyth network, including Jump Trading Group, Jane Street, Flow Traders, Virtu, FTX, and CoinShares.
Dan Izzo, CEO of GHCO said:
“as a multi-asset market maker, it’s our mission to generate liquidity and facilitate the fairest price discovery. Joining the Pyth Network allows us to go one step further in building transparent and accessible financial markets.”
GHCO is one of the fastest-growing liquidity providers specialising in exchange traded funds. It strives to make ETFs accessible in every market worldwide with a focus on intelligent algorithmic trading, tight spreads, reliable presence and the expertise to price a wide range of products.
With offices in the UK and US, GHCO is a market maker on and off all major European exchanges. Throughout a single trading day, GHCO quotes thousands of products and helps asset managers to bring even the most niche and esoteric products to market.
For more information, please visit: www.ghco.co.uk
About the Pyth Network
The Pyth network is a specialized oracle solution for latency-sensitive financial data that is typically kept behind the “walled gardens’’ of centralized institutions. The Pyth network is focused on finding a new and inexpensive way to bring this unique data on-chain and aggregating it securely.
For more information about the Pyth network, please visit https://pyth.network