Pyth Network has launched continuous pricing indexes for U.S. equities and major commodities, enabling around-the-clock reference prices for assets such as U.S. stocks, gold, and oil. Coinbase, Kraken, and dYdX are among the first platforms to adopt the new indexes.
Exchanges adopt Pyth’s continuous indexes
The new indexes are designed to provide indicative prices beyond traditional market trading hours, aligning legacy asset pricing with the 24/7 nature of crypto markets. Early integration by Coinbase and Kraken, two of the largest U.S.-based cryptocurrency exchanges, and dYdX, a leading decentralized derivatives platform, underscores growing demand for reliable off-hours pricing signals.
Why around-the-clock pricing matters
While U.S. stock markets operate on set schedules, crypto markets trade continuously. Continuous pricing helps bridge this gap by offering reference values for asset-linked products outside regular market hours. This can support use cases such as perpetual futures, tokenized asset markets, and risk management systems that require consistent, up-to-date valuations.
Potential impact
By extending pricing coverage for equities and commodities into nights, weekends, and holidays, Pyth’s indexes aim to improve market continuity and reduce information gaps for traders and developers. The integrations signal an effort to standardize off-hours reference prices across both centralized and decentralized platforms.