Coinbase News: Pyth Network Partners with Coinbase to Launch Pyth Lazer for Enhanced Asset Pricing

In a move that promises to revolutionize the way asset prices are determined in the crypto trading space, Pyth Network has announced a strategic partnership with Coinbase International Exchange. Here’s a closer look at this groundbreaking development.

Pyth Network Partners with Coinbase to Enhance Asset Pricing with Pyth Lazer

Pyth Network has announced a strategic partnership with Coinbase International Exchange to revolutionize asset pricing in the crypto trading space. The integration, dubbed ’Pyth Lazer,’ is designed to deliver market truth at an institutional scale with an update speed of one millisecond. This development comes at a time when cryptocurrency trading demands faster and more accurate price discovery mechanisms to support the industry’s exponential growth.

Coinbase-Backed Base Acquires Iron Fish Team for Blockchain Privacy

Base, the Layer 2 network supported by Coinbase, has acquired the development team behind Iron Fish, a privacy-focused blockchain project. The aim is to enhance privacy features on Base by utilizing Iron Fish’s developers’ expertise. Iron Fish utilizes zero-knowledge proofs (zk-SNARKs) for private transactions on its proof-of-work blockchain. Notably, the acquisition excludes the Iron Fish blockchain and its native token, maintaining the project’s independence. Instead, the focus will be on developing privacy-preserving primitives for Base’s ecosystem.