- AAX (aax.com) partners with the specialized oracle network solution.
- Pyth network The partnership is crucial as it will provide real-time cryptocurrency market data.
- The integration is expected to be completed within this month.
Fast-growing cryptocurrency exchange, AAX announced that it has partnered with Pyth Network. This collaboration with the specialized oracle network solution will provide a real-time continuous stream of crypto data for its top-tier market exchange.
The integration is proposed to be completed within this month. AAX believes the information will be valuable to financial institutions and smart contracts developers since the crypto market is extremely volatile.
Moreover, the value of assets can rapidly appreciate or depreciate in a matter of seconds. For this reason, immediate and real-time access to trustworthy top-quality data like the one AAX provides is crucial for a smooth and seamless trading experience
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.
Basically, Pyth Network is focused on sourcing accurate crypto and market data occurring on- and off-chain to smart contracts located on any blockchain. Pyth Network affirms its information system is utilized by top trading firms and exchanges who rely on its platform to obtain accurate, real-time data.
Meanwhile, AAX is a cryptocurrency exchange aiming to empower the estimated 96% of people worldwide who do not yet own Bitcoin and other digital assets to build better and more inclusive economies.
The AAX team claims it is the first exchange to use the Satoshi Standard (SATS) to drive the adoption of Bitcoin. Not only that, they assert that they are the first to be powered by LSEG Technology, offering high-yield savings packages. Alongside, offering 100+ spot pairs, deeply liquid futures markets, regular discounts on major tokens, and a range of on- and off-ramp products.