As a quantitative liquidity provider and market maker, Two Sigma Securities is now a Chainlink (LINK) altcoin He shared that he is a data provider with his followers.
Two Sigma is one of the largest market makers in traditional financial markets, and the company’s venture arm recently cryptocurrencies and has raised $400 million from two funds to invest in DeFi.
Two Sigma Will Send Its Data To The Chainlink Altcoin Network
As part of the process, Two Sigma will transfer its proprietary data to Chainlink’s decentralized oracle networks (DONs) to expand the use cases of on-chain smart contract applications.
Chainlink is the most widely used oracle network with over 690,000 active users and has delivered a total of over $6.1 trillion in transaction value (TVE) according to Dune Analytics.
Yaser Jazouane, head of data products at Chainlink, said in his statement on the subject:
“Deep quantitative expertise to generate highly accurate price data is fundamental to the growth and long-term success of the DeFi ecosystem.”
Chris Marty, CEO of Two Sigma Securities, said in his press release:
“As a market maker and data provider, we believe we can play an important role in helping foster a healthy digital asset ecosystem, and we are excited about the value digital assets can bring to the financial market as they evolve.”
Two Sigma’s market data includes swaps, options and other information on derivatives. This development comes a week after financial services firm Galaxy Digital joined the Chainlink altcoin network to provide crypto pricing data to Blockchains.
*Not investment advice.
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