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Pyth unveils continuous pricing indexes for US stocks and commodities

The Cointelegraph β€‹

Cryptocoins News / The Cointelegraph β€‹ 21 Views

Pyth unveils continuous pricing indexes for US stocks and commodities

Coinbase, Kraken and dYdX are adopting Pyth's new indexes, which provide continuous pricing for US stocks, gold and oil outside market hours.

Pyth Network, a blockchain oracle and market data provider, has launched new pricing indexes for US stocks and commodities, a move aimed at supporting around-the-clock trading products across crypto exchanges.

The company announced Wednesday that Coinbase, Kraken, dYdX and Nado are already using the indexes to power new trading markets.

According to Pyth, the indexes are designed for perpetual futures, tokenized assets, prediction markets, derivatives settlement and exchange-traded product benchmarking, providing continuous reference prices even when traditional financial markets are closed.

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