Supra and Google Partner to Provide Fast Price Feeds for Financial Markets
Supra, a leading provider of secure and scalable oracles for decentralized applications (DApps), has announced a partnership with Google Cloud. This collaboration aims to bring fast and reliable price feeds to both Web 2.0 and Web 3.0 financial markets.
By leveraging Google Cloud’s infrastructure and expertise, Supra will be able to provide DApps with real-time price data from various sources, including exchanges, OTC markets, and data providers. This will enable DApps to develop more efficient and reliable trading applications that are closely aligned with the real world.
Joshua Tobkin, CEO of Supra, expressed his excitement about the partnership, stating that it would help accelerate the adoption of decentralized applications in the financial sector. The spokesperson for Google Cloud also highlighted the importance of this collaboration in enabling DApp developers to access real-time price data from multiple sources.
Expanding Access to Price Data
The initial focus of this partnership will be providing DApps with access to price data from major exchanges like Binance, Coinbase, Gate, Gemini, OKX, and Kraken. Supra plans to use Google Cloud’s Pub/Sub service for delivering reliable and robust real-time price data to DApps.
In addition to price data, the partnership aims to expand access to other types of data such as order book data and historical price data. This will allow DApps to develop a wider range of applications, including market-making and arbitrage applications.
About Supra
Supra is a leading provider of secure and scalable oracles for decentralized applications. Their oracle technology enables DApps to access real-world data from various sources, including cryptocurrencies, foreign exchange markets, equities, and sports venues. Supra is committed to building high-performing blockchain infrastructure to facilitate global value exchange.
About Google Cloud Platform
Google Cloud Platform (GCP) offers a suite of cloud computing services powered by the same infrastructure used for Google’s end-user products. GCP provides a wide range of services, including computing, data storage, analytics, and machine learning.
Hot Take: Enhancing Efficiency and Adoption in Financial Markets
This partnership between Supra and Google Cloud represents a significant step forward in the adoption of decentralized applications in the financial sector. By providing fast and reliable price feeds, DApps will be able to build more efficient and robust trading applications. The collaboration also aims to make decentralized applications more accessible to developers by leveraging Google Cloud’s infrastructure and expertise. With this partnership, Supra and Google Cloud are driving innovation in financial markets and paving the way for the widespread adoption of decentralized applications.
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