Pyth Network Targets Bloomberg’s $50 Billion Market-Data Empire
Key Takeaways Pyth Network launched 24/7 indices for metals, oil, and U.S. equities, adopted by Coinbase and Kraken. Euronext, Fidelity, and Tradeweb now publish data via Pyth, challenging Bloomberg’s hold on a $50 billion market. Pyth Pro passed $1 million in annual recurring revenue, but converting institutions to paying clients remains the test. A $50…
