New Pyth Data Provider: QCP Capital

We are thrilled to welcome QCP Capital, a full-suite crypto asset trading firm, to the Pyth network. QCP will initially contribute its proprietary live market data for digital assets and may later expand to options-related data as the network scales.

Who is QCP?

  • Founded in 2017, QCP Capital is a full-suite crypto trading firm that bridges institutional and crypto ecosystems. It provides 24/7 trading services to both high net-worth individuals and institutional clients and is one of the largest derivative market makers globally.
  • Pioneers in crypto options and derivatives, the firm currently runs a $2 billion global book. QCP Capital is also a specialist in Asian local markets, particularly Southeast Asia, where the firm has a 60-strong team strategically based in Singapore.
  • In 2021, QCP was involved (with B2C2) in the first-ever crypto-related transaction of a non-deliverable forward (DNF) — a type of financial contract that is common in foreign-exchange markets.

“As the world of personal finance and investments rapidly moves into DeFi, oracles are a fundamental building block that the space will lean on to scale and evolve. The ecosystem must get this right. We’ve witnessed firsthand how critical oracles are to DeFi innovations in money markets and options. Pyth is an effective and reliable institutional solution that is required to build trust for DeFi protocols. We will do our best to support the network. ” — Darius Sit, CIO (QCP Capital)

We look forward to further coordinating with many amazing partners to establish a digital marketplace of institutional grade, high-fidelity financial data, and power any financial dApps regardless of their blockchain base. If you are willing to contribute proprietary information for the betterment of DeFi and the whole financial market data industry, you can apply to become a Pyth publisher here. Discover all other Pyth network data publishers on our website.

Pyth Network: https://pyth.network/

Source: https://pythnetwork.medium.com/new-pyth-data-provider-qcp-capital-e84c7ed42d76

Disclaimer

This information contained in this website is intended as a general introduction to QCP Capital and its activities as a Digital Payment Token (DPT) service provider and is for informational purposes only.

QCP Capital is not acting and does not purport to act in any way as an advisor or in a fiduciary capacity vis-a-vis any counterparty. Therefore, it is strongly suggested that any prospective counterparty obtain independent advice in relation to any trading investment, financial, legal, tax, accounting or regulatory issues discussed herein. This website is only directed at informed and qualified investors. Your entry to this website attests that you are fully aware that trading of DPTs is not suitable for the general public and that you are an informed and qualified investor, and are also fully cognisant of all technological and financial risk(s) associated with trading Digital Payment Tokens.

In the event you intend to onboard with QCP Capital to trade in DPTs, by onboarding with us you acknowledge that you are aware of any rules and/or regulations applicable to the provision of DPT and/or financial services, the high degree of risk involved and that in no event will QCP Capital or any if its directors or employees be liable for any injury loss, claim or damage (whether direct, indirect, consequential or incidental) arising either directly or indirectly out of, or in any way connected with, the site, or its use.

If you are located, incorporated, or otherwise established in, or a citizen or resident of certain jurisdictions, QCP Capital may be unable to, or otherwise reserve its right to refuse to engage in or establish a trading relationship with you. Please contact us if you believe you have received this notice in error. QCP Capital is not registered or licensed to operate in the states of Louisiana and New York and will not be able to establish a trading relationship with you if you are resident, incorporated or have your principal place of business in New York or Louisiana.

You also acknowledge that you understand that trading in payment token derivatives (“PTD”) are also not any less risky than trading in DPTs. PTD services are not regulated by the MAS and QCP Capital is as such not licensed under the MAS to provide PTD services. You should only trade in PTDs if you are an Accredited Investor and/or have sufficient experience and knowledge in trading PTDs.

Risk Warning on Digital Payment Digital Services

The Monetary Authority of Singapore (MAS) requires us to provide this risk warning to you as a customer of a digital payment token (DPT) service provider.

Before you pay your DPT service provider any money or DPT, you should be aware of the following. 

Your DPT service provider is an exempt payment services provider pending licensing under the Payment Services Act (2019) to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.

You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by your DPT service provider.

You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.

You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.