Pyth Launches Continuous Price Index for U.S. Stocks and Commodities, Supporting 24/7 Trading Markets

Odaily Odaily Reports: Blockchain oracle and market data provider Pyth Network has announced the launch of continuous price indices for U.S. stocks and commodities, aiming to support around-the-clock trading products in the crypto market. The initial coverage includes U.S. stocks such as Nvidia, Tesla, Apple, Circle, and Strategy, as well as commodities like gold, silver, WTI crude oil, and Brent crude oil.

It is reported that Coinbase, Kraken, dYdX, and Nado have been the first to integrate these indices to build new trading markets. This pricing system can provide continuous reference prices for perpetual contracts, tokenized assets, prediction markets, derivatives settlement, and ETF benchmarks, even updating data during traditional exchange closures.

Additionally, Pyth is collaborating with MarketVector (a VanEck-owned index provider) to develop sector index futures covering themes such as artificial intelligence, defense, and technology. (Cointelegraph)