● AAX has reached a cooperation with Pyth Network, a professional oracle solution

● Pyth Network partnership is critical, will provide real-time cryptocurrency market data to AAX

● The integration is expected to be completed within this month

Fast-growing cryptocurrency exchange AAX has announced a partnership with Pyth Network, a professional oracle solution that will provide real-time, continuous streams of encrypted data for its top trading markets.

Pyth Network focuses on providing accurate encryption and market data that occurs on-chain and off-chain for any smart contract on the blockchain. Pyth Network's information system is recognized and used by top trading companies and exchanges, relying on its platform to obtain accurate and real-time data.

Provide trusted market data for global smart contracts

The partnership is critical as AAX will enter into a data integration with Pyth Network to provide a continuous stream of encrypted data to its top crypto market exchanges. Given that the cryptocurrency market is known for its extreme volatility, and the value of assets can appreciate or depreciate rapidly within seconds, this information would be invaluable to financial institutions and smart contracts.

"The rise of cryptocurrencies isn't just about creating the emergence of new asset classes. More importantly, it's about the culture and infrastructure—by envisioning a new financial system and then building it." Ben Ben, Head of Research and Strategy at AAX Caselin said. "Our partnership with Pyth Network is part of our ongoing effort to build more resilience and integrity into the crypto market, better connect and synchronize the industry's top trading firms, and ultimately optimize the user experience."

For traders and smart contract developers, the fast-paced nature of the crypto market means that even a momentary delay can lead to missed opportunities. For this reason, investors' instant and real-time access to a steady stream of trustworthy high-quality data like AAX's is critical to a smooth and seamless trading experience.

About AAX

AAX is an exchange for everyone because we firmly believe that cryptocurrency is for everyone. Through a range of accessible products and services, and by contributing to the conversation about cryptocurrencies and their culture, we are opening the door for the approximately 96% of the world who do not already own Bitcoin and other digital assets to build better and A more inclusive economic system.

Favored by millions of users in more than 100 countries around the world, AAX is the first exchange to use Satoshi Standards (SATS) to drive Bitcoin adoption. We are also the first exchange to adopt the technology of London Stock Exchange Group (LSEG), and provide high-yield wealth management products, 100+ currency transactions, highly liquid contract market, regular discounts of mainstream tokens and various access golden channel.

About Python Network

The Pyth Network is a specialized oracle solution for latency-sensitive financial data, which is often kept behind a central authority's "walled garden". Pyth Network is focused on finding a new, cheap way to bring this unique data on-chain and enable secure aggregation.

Source: China Economic News Network