Pyth Network has launched Pyth Pro, a subscription-based service aimed at institutional clients.
The move is said to challenge the dominance of traditional providers in the $50 billion market data sector.
Developed with Douro Labs, Pyth Pro offers institutional-grade data across cryptocurrencies, equities, fixed income, commodities and foreign exchange.
Early adopters include Jump Trading Group and several large banks, signalling strong demand for an alternative to legacy data platforms.
The company stated that the service aims to tackle long-standing inefficiencies in the industry, where firms often face fragmented coverage, opaque pricing and complex integration requirements.
Instead, Pyth Pro consolidates cross-asset, cross-venue and cross-regional data under a single subscription, with transparent tiered pricing replacing the hidden fees and bundling practices common among incumbent providers.
“Pyth Pro sets a new standard for how institutions access market data, creating a single source of truth across asset classes, venues, and geographies,” said Mike Cahill, chief executive of Douro Labs. “This launch represents a significant step forward in reshaping the market data economy, closing the gap to true price discovery.”
The platform is said to source pricing directly from leading trading firms, banks and exchanges, enhancing reliability with transparent aggregation and confidence intervals. Data can be delivered both onchain and offchain in familiar formats, streamlining integration with trading, risk management and compliance systems.
Jump Trading Group welcomed the launch, calling Pyth “one of the most comprehensive and valuable sources of market data ever created,” and said Pyth Pro would bring competition and transparency to the market data landscape.