Pyth introduces continuous price index for US stocks and commodities, supporting 24/7 trading markets

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

According to reports, Coinbase, Kraken, dYdX, and Nado have been among the first to integrate these indices for building new trading markets. This price system can provide continuous reference prices for perpetual contracts, tokenized assets, prediction markets, derivatives settlements, and ETF benchmarks, with data updates even during traditional exchange holidays.

Additionally, Pyth is collaborating with MarketVector (the index provider under VanEck) to develop industry index futures covering themes such as artificial intelligence, defense, and technology. (Cointelegraph)