{"id":74002,"date":"2026-06-14T05:23:39","date_gmt":"2026-06-14T05:23:39","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/pyth-network-targets-bloombergs-50-billion-market-data-empire\/"},"modified":"2026-06-14T05:23:39","modified_gmt":"2026-06-14T05:23:39","slug":"pyth-network-targets-bloombergs-50-billion-market-data-empire","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/pyth-network-targets-bloombergs-50-billion-market-data-empire\/","title":{"rendered":"Pyth Network Targets Bloomberg&#8217;s $50 Billion Market-Data Empire"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Pyth Network launched 24\/7 indices for metals, oil, and U.S. equities, adopted by Coinbase and Kraken.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Euronext, Fidelity, and Tradeweb now publish data via Pyth, challenging Bloomberg\u2019s hold on a $50 billion market.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Pyth Pro passed $1 million in annual recurring revenue, but converting institutions to paying clients remains the test.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>A $50 Billion Target<\/h2>\n<p>The decentralized <span>oracle<\/span> network, software that delivers real-world prices onto <span>blockchains<\/span>, <a href=\"https:\/\/lasvegassun.com\/news\/2026\/jun\/10\/pyth-network-launches-proprietary-247-index-produc\/\" target=\"_blank\" rel=\"noopener noreferrer\">unveiled the new proprietary indices<\/a> earlier in the week. The lineup spans U.S. equity baskets, <span>gold<\/span> and silver, and WTI and Brent crude oil, alongside Coinbase-specific equity index futures built with index provider Marketvector.<\/p>\n<figure id=\"attachment_822636\" aria-describedby=\"caption-attachment-822636\" style=\"width:586px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-822636\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p>Early adopters include Coinbase, Kraken, Dydx, and Nado, Pyth said, with the products designed to give continuous reference prices for assets that historically traded only during set market hours. Mike Cahill, chief executive of Douro Labs, a key contributor to Pyth, said:<\/p>\n<blockquote>\n<p>\u201cPyth Indices mark an inflection point in access to 24\/7 markets, where \u2018market close\u2019 no longer means the end of trading.\u201d<\/p>\n<\/blockquote>\n<p>The launch is the latest step in what analysts have called Pyth\u2019s $50 billion institutional pivot, a strategy to move beyond supplying free price feeds to <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> apps and start selling data to banks, brokers, and trading firms (a business long dominated by terminal providers such as Bloomberg and Refinitiv).<\/p>\n<h2>Challenging the Terminal<\/h2>\n<p>Pyth\u2019s pitch is that market data should be published onchain, openly and in real time, rather than locked behind expensive proprietary terminals. To make that case, the network has begun recruiting the institutions that generate the data themselves. In this regard, six financial institutions (including Euronext, Fidelity, and Tradeweb) have already started publishing market data on the <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-blockchain\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">blockchain<\/a> via Pyth, directly challenging Bloomberg\u2019s grip on the sector.<\/p>\n<p>In a separate expansion, Pyth announced <a href=\"https:\/\/www.pyth.network\/blog\/introducing-the-pyth-data-marketplace-major-financial-institutions-choose-pyth-for-direct-data-distribution\" target=\"_blank\" rel=\"noopener noreferrer\">seven new institutional data publishers<\/a> as it launched the Pyth Data Marketplace, a distribution engine that lets institutions publish and monetize unique datasets across <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-blockchain\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">blockchains<\/a> and applications.<\/p>\n<p>The network has also widened its coverage into areas that touch policy and macro trading, adding price feeds for major U.S. exchange-traded funds (ETFs), the United Kingdom\u2019s top 100 public companies, Hong Kong and Chinese equities, and U.S. government economic data.<\/p>\n<p>The institutional voices behind the indices echo the pitch. Boris Ilyevsky, head of derivatives at Coinbase, one of the venues adopting the new products, said \u201cinstitutional-grade, 24\/7 markets are becoming the standard\u201d while John Palmer, Kraken\u2019s global head of derivatives, said the indices \u201cgive us a continuous benchmark for assets where the underlying market doesn\u2019t trade round the clock.\u201d<\/p>\n<h2>Revenue and the PYTH Token<\/h2>\n<p>For PYTH, the network\u2019s native token, the institutional push is the central investment thesis. To elaborate, Pyth has launched a subscription product, Pyth Pro, that it says <a href=\"https:\/\/www.pyth.network\/blog\/phase-two-institutional-monetization-through-offchain-data\" target=\"_blank\" rel=\"noopener noreferrer\">quickly surpassed $1 million<\/a> in annual recurring revenue, and a version aimed at autonomous AI agents that delivers <a href=\"https:\/\/www.pyth.network\/blog\/pyth-pro-for-ai-agents-institutional-market-data-for-autonomous-finance\" target=\"_blank\" rel=\"noopener noreferrer\">more than 3,000 institutional price feeds<\/a> through a single integration.<\/p>\n<p>The company has signaled that revenue from offchain, institutional data is where it expects future monetization to come from. In any case, the direction of travel is clear, i.e. <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> infrastructure firms are increasingly aiming at traditional finance rather than just serving onchain apps, and Pyth\u2019s expansion mirrors moves by exchanges like Coinbase to bring round-the-clock, real-world-asset markets into the regulated mainstream.<\/p>\n<p>The next test for Pyth is conversion and whether the institutions now publishing data and adopting its indices become paying customers at scale.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/pyth-network-targets-bloombergs-50-billion-market-data-empire\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) 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\u2019s hold on a $50 billion market. Pyth Pro passed $1 million in annual recurring revenue, but converting institutions to [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":74003,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74002"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74002"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74002\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74003"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}