Akuna Capital Joins Pyth Network as Newest Partner

By July 19, 2021DeFi
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Akuna to publish crypto asset market data on the Pyth Network for smart contract consumption

NEW YORK, July 19, 2021--(BUSINESS WIRE)--Akuna Capital, (the "Company"), a leading options market maker specializing in derivatives market making and sophisticated modelling, today announced that it has joined the Pyth network ("the Network"), a decentralized financial market data distribution platform. Akuna will initially contribute its unique crypto asset market data and plans to expand into underlying assets of additional options products as the Pyth network continues to scale.

Further improvements in DeFi require high-fidelity, time-sensitive, real-world data, but historically there has been no way to access such data on-chain. Pyth solves that problem by bringing real-world data on-chain in a tamper-proof environment.

John Harris, CEO, Akuna Digital Assets, said, "As a leader in developing cutting-edge technology, we believe in the power of DeFi and this next-gen oracle solution that leverages DeFi to distribute precise, real-time market data on a sub-second timescale. We are honored to join the likes of experienced trading firms like Jump, GTS and Virtu as we shape the future of finance and trading together."

Kanav Kariya, Director of Strategic Initiatives, Digital Assets, Jump Trading Group, commented, "Akuna’s irrefutable strong success in options makes them an important contributor to our ecosystem. As one of the few firms to have successfully entered the options industry at scale in recent years, we are grateful for their support as we enable new market participants and more efficient markets through this powerful piece of infrastructure."

Akuna trades options on a wide range of products including indices, commodities, currencies, and treasuries. The firm is also very active in the cryptocurrency space, trading spot, futures and options on exchanges and OTC, covering all the major coins. Akuna trades on several US and Asian exchanges and is continuing to rapidly expand trading operations globally.

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