Pyth launches continuous price indices for US stocks and commodities, supporting 24/7 trading markets
Odaily news, blockchain oracle and market data provider Pyth Network has announced the launch of continuous price indices for US stocks and commodities, aiming 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.
It is reported that Coinbase, Kraken, dYdX, and Nado have been the first to integrate the index for building 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 off-hours.
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)
