Pyth network, the specialized oracle network solution partners with a fast-growing cryptocurrency exchange AAX
Pyth Network & AAX Exchange Partnership
AAX, a cryptocurrency exchange platform, has announced a cooperation with Pyth Network, a specialized oracle network solution, to supply real-time cryptocurrency market data. According to rumors, the integration of the two systems would be completed by the end of the month.
The integration process is expected to be finished this month. Due to the significant volatility of the cryptocurrency market, AAX thinks the information will be helpful to financial institutions and smart contract developers. Additionally, the value of assets may rise or depreciate dramatically in a matter of seconds. As a result, rapid and real-time access to reputable, high-quality data, such as that provided by AAX, is critical for a smooth and flawless trading experience.
Pyth Network is primarily focused on supplying reliable crypto and market data from on- and off-chain sources to smart contracts running on any blockchain. Pyth Network confirms that their information technology is used by leading trading businesses and exchanges to receive reliable, real-time data. Meanwhile, AAX is a cryptocurrency exchange that aims to empower the estimated 96 percent of the world’s population that does not hold Bitcoin or other digital assets to create more inclusive and prosperous economies.
Quotes
Ben Caselin, Head of Research and Strategy at AAX, says: “The rise of crypto encompasses more than the emergence of a new asset class alone. More importantly, it’s about imagining a new financial system in terms of culture and infrastructure and then building it. Our integration with the Pyth network forms part of an ongoing effort to build more resilience and integrity into the crypto markets, better connect and synchronise top-tier trading firms in the industry, and ultimately optimize user experience.”
