Aax cooperates with Pyth Network to provide real-time cryptodata

Victoria, Seychellen, February 10, 2022,

aax (aax.com), A rapidly growing cryptocurrency exchange, works with the specialized Oracle network solution pyth-network for providing real-time cryptocurrency market data. The integration is to be completed this month.

pyth network focuses on the procurement of precise crypto and market data that occur on and off-chain for smart contracts that are located on every blockchain. Thanks to its comprehensive database with a view to crypto, stock and currency markets, Pyth Network's information system is used by leading trading companies and stock exchanges that rely on its platform to get precise real-time data.

Provision of trustworthy market data for global smart contracts

The partnership is of crucial importance, since AAX will integrate into the Pyth network in order to provide continuous stream of cryptodata for its first-class cryptoma market exchange. The information will be invaluable for financial institutions and intelligent contracts, since cryptocurrency markets are known for their extreme volatility and the value of assets can rise or fall quickly within seconds.

For dealers and smart contract developers, the fast pace of the cryptoma markets means that even a delay of seconds of seconds can lead to missed occasions. Afterwards, the immediate access in real time to trustworthy data of the highest quality, as AAX offers, is crucial for a smooth and seamless trade experience.

"The rise of crypto comprises more than just the emergence of a new investment class. It is even more important that it is about imagining a new financial system in terms of culture and infrastructure and then building it," said Ben Caselin, Head of Research and Strategy at AAX. "Our integration with the Pyth network is part of our ongoing efforts to make cryptom markets more resistant and integrated, better combine and synchronize first-class trading companies in the industry and ultimately optimize the user experience."

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About AAX

aax is a first-class crypto exchange that is aimed at a global audience and has the vision of making the advantages of crypto accessible to everyone. Through an accessible product range and by contributing to a conversation about crypto and culture, we want to put the estimated 96 % of the people worldwide that Bitcoin and other digital assets do not yet have to build up better and more integrative economies.

AAX is preferred by more than two million users in over 100 countries and is the first stock exchange to use the Satoshi standard (SAS) to promote the introduction of Bitcoin. We are also the first to be driven by LSEG technology, and offer profitable savings packages, over 100 spot pairs, extremely liquid appointment markets, regular discounts on important tokens and a number of on and off-ramp products.

aax.com

About the Pyth network

The Pyth network is a specialized oracle solution for latency-sensitive financial data that is usually kept behind the "Walled Garden" of centralized institutions. The Pyth network focuses on finding a new and inexpensive path in order to put this unique data into the chain and safely aggregate. Further information on the Pyth network can be found at Pyth.Network.

About the Pyth Data Association

The Pyth Data Association was founded to support the Pyth network, a specialized oracle solution for latent financial data that is usually kept behind the "Walled Garden" of centralized institutions. The Pyth Data Association is directed by a board of directors elected by members of the Pyth network.

contacts

• Vivien Choi
• press@aax.com