Pyth launches continuous price index for US stocks and commodities, supporting all-weather trading markets

According to Cointelegraph, the blockchain oracle and market data provider Pyth Network announced the launch of a continuous price index for U.S. stocks and commodities, aimed at supporting around-the-clock trading products in the crypto market. The first batch of underlying assets 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 already integrated this index 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 off-hours.

In addition, 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.