Pyth Launches Continuous Price Indices for US Stocks and Commodities, Supporting 24/7 Trading Markets

Odaily Odaily News Blockchain oracle and market data provider Pyth Network has announced the launch of continuous price indices for US stocks and commodities, aimed at supporting 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 the first to integrate these indices to build new trading markets. This pricing system can provide a continuous reference price for perpetual contracts, tokenized assets, prediction markets, derivatives settlement, and ETF benchmarks, and can update data even when traditional exchanges are closed.

Furthermore, Pyth has also partnered with MarketVector (an index provider under VanEck) to develop industry index futures covering themes such as artificial intelligence, defense, and technology. (Cointelegraph)