B2C2 Brings Institutional Liquidity Data On-Chain to Pyth Network
B2C2, one of the world’s leading crypto-native liquidity providers, has officially joined the Pyth Network as a new institutional market data contributor. Through this collaboration, B2C2 will publish its proprietary real-time pricing data directly to Pyth’s network of more than 125 first-party data providers—further expanding the most comprehensive, on-chain source of institutional-grade market information in digital assets.
This partnership marks a significant advancement in bridging traditional market-making expertise with decentralized finance (DeFi). By integrating its deep liquidity and data insights into Pyth, B2C2 enables decentralized applications to access verifiable, executable pricing sourced directly from one of the most active trading entities in global crypto markets.
Takeaway
The Traditional Market Data Challenge
Market data across both has long been hindered by fragmentation, latency, and inefficiency. In crypto markets, liquidity is distributed across multiple venues, intermediaries, and jurisdictions—resulting in pricing that often depends on third-party aggregators. These intermediaries consolidate platform data later than the fact, introducing delays, opacity, and unnecessary cost.
The result is a misaligned ecosystem where liquidity providers and price creators, like B2C2, historically have had limited control over how their data is distributed and monetized. Meanwhile, end users are left with incomplete or delayed views of true market conditions—a persistent inefficiency in the $50 market data industry.
Takeaway
Redefining Price Discovery Through Pyth Network
The Pyth Network addresses this long-standing market data gap by creating a direct channel between institutional price setters and end users. B2C2’s proprietary pricing, drawn from one of the deepest liquidity pools in digital assets, enhances Pyth’s coverage by providing real-time, first-party data that reflects executable market conditions—before fragmentation or redistribution occurs.
With more than 125 leading institutions—including Jane Street, Jump Trading, and Cboe—Pyth has become the global standard for first-party financial data. The network distributes over 2,000 spanning crypto, equities, FX, and commodities to more than 600 applications across 100+ blockchains. Its architecture provides millisecond-level updates and transparent aggregation, making it one of the quickest and most accurate decentralized data networks in existence.
Takeaway
Building the Future of Institutional-Grade Market Infrastructure
“At B2C2, we’re committed to assisting shape a more transparent and efficient market structure across both classes,” said Thomas Restout, CEO of B2C2. “Contributing our proprietary pricing data to the Pyth Network aligns with that mission—bringing institutional-quality data on-chain and supporting the growth of reliable infrastructure for the broader ecosystem.”
Mike Cahill, CEO of Douro Labs and a key contributor to the Pyth Network, added: “B2C2 has long been a driving force in digital asset market development. By contributing to Pyth, they’re redefining how price discovery happens and assisting establish a unified, transparent data layer for global finance.”
B2C2’s leadership in liquidity provision—spanning OTC trading, derivatives pricing, and continuous electronic execution—adds unique depth to Pyth’s data network. Together, the collaboration enhances accessibility to high-quality, real-world data that supports developers, traders, and institutions building the next generation of decentralized and hybrid financial applications.
