back10 Feb 20222 min read
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New Pyth Data Provider: AAX

We are thrilled to welcome AAX Exchange, the world’s first digital asset exchange powered by LSEG Technology, within the Pyth Network to contribute to the expansion of the global DeFi ecosystem.

Who is AAX Exchange?

  • AAX is a cryptocurrency exchange powered by LSEG Technology’s Millennium Exchange — the same matching engine that powers London Stock Exchange. It is also the first of its kind to have joined the London Stock Exchange Group’s (LSEG) Partner Platform.
  • Launched in November 2019, AAX Exchange now serves more than 100 crypto-to-crypto trading pairs to over 2 million users spread over 100 countries.
  • AAX trading volume grew exponentially during 2021 Q4 as it reached a 24-hour daily trading volume average of $1 billion.

AAX Exchange will provide real-time institutional-grade crypto market data in a sub-second frequency directly on-chain to the Pyth network. DeFi protocols as well as off-chain programs will be able to leverage AAX market data through the aggregate Pyth oracle price.

“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,” said Ben Caselin, Head of Research and Strategy at AAX. “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 synchronize top-tier trading firms in the industry, and ultimately optimize the user experience.”

We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.

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We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.

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