Pyth Network, a provider of institutional market data, today announced the launch of Pyth Indices, a proprietary offering of 24/7 single-asset index products including U.S. equities, metals, and oil.

As part of the launch, Pyth co-developed equity index futures that combine its pricing data with MarketVector’s innovative multi-asset index framework.

Coinbase, Kraken, dYdX, and Nado are among the initial set of users already using Pyth Indices to create new markets.

“Traditional data feeds were built for a world where trading stopped at the closing bell,” said Mike Cahill, CEO of Douro Labs and Contributor to Pyth Network. “Pyth Indices mark an inflection point in access to 24/7 markets, where ‘market close’ no longer means the end of trading. We are proud to introduce a new generation of references designed to reflect how capital moves today, sourced from the firms at the center of price discovery operating without interruption.”

The launch of Pyth Indices includes proprietary indices for U.S. Equities (NVDA, TSLA, AAPL, MSFT, GOOGL, INTC, HOOD, MSTR, CRCL), Metals (gold and silver), Oil (WTI and Brent), in addition to Coinbase-specific equity index futures (AI10, Defense10, China10, and Tech100) co-developed with MarketVector. Pyth Indices enable exchanges and applications to offer continuous trading to their users by aggregating data from different trading venues and geographies for accurate pricing 24/7. Each index is a standalone product with a published methodology and is available for licensing across derivatives settlement, licensing, and ETF/ETP benchmarking.

“Institutional-grade, 24/7 markets are becoming the standard. As this shift continues, the demand for continuous pricing across equities and commodities will only accelerate,” said Boris Ilyevsky, Head of Derivatives at Coinbase. “Coinbase has been at the forefront of this evolution, and our growing share of the derivatives market is a direct reflection of that commitment. Tools like Pyth Indices help fill the critical infrastructure gaps that make this next era of markets possible.”

“Pyth Indices give us a continuous benchmark for assets where the underlying market doesn’t trade round the clock,” said John Palmer, Global Head of Derivatives at Kraken. “That matters because Kraken is launching perpetual contracts on oil, and a perpetual needs a 24/7 reference price to function. Oil is one of the markets active traders are watching most closely right now, and the launch lets us offer clients accurate exposure to it alongside the crypto, equity, and commodity exposure they already trade on Kraken Pro.”