Traditional finance and blockchain technology are moving closer together. A new development involving the New York Stock Exchange (NYSE) and $PYTH Network highlights this shift.
On November 11, Pyth announced it would distribute NYSE BQT, providing real-time quotes and trade data from all five NYSE Group equity exchanges.
The data includes bid and offer prices, trades, closing prices and market-status updates. This could help blockchain-based financial applications access reliable information from traditional markets.
However, access requires clients to license the data directly from NYSE and follow its market-data policies.
This development raises an important question: how far can traditional financial infrastructure and blockchain applications evolve together?
What do you think will be the biggest benefit of this connection? Share your perspective below.
Disclaimer: Do Your Own Research (DYOR) before making any investment decisions. This is not financial advice.
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