Coinbase (NASDAQ:COIN) has integrated Chainlink to bring its premium exchange data underpinning billions in trading activity on-chain for the first time via DataLink, an institutional-grade data publishing service powered by the Chainlink data standard.
This marks a major milestone in DeFi market infrastructure, as high-quality exchange data that powers billions in institutional trading activity is now available on-chain through Chainlink’s battle-tested infrastructure.
By making Coinbase’s exchange data securely available on-chain through Chainlink’s industry-standard oracle platform, DeFi markets have direct access to important market information, driving more accurate pricing, stronger risk management, and entirely new on-chain markets across derivatives, tokenized RWAs, structured products, perpetuals, synthetic assets, and next-gen risk engines for lending protocols.
This marks a major milestone in DeFi market infrastructure, as high-quality exchange data that powers billions in institutional trading activity is now available on-chain through Chainlink’s infrastructure. Chainlink serves as the universal gateway to enterprise-grade data, abstracting the complexities of data delivery, decentralization, security, and reliability so developers can focus on shipping products at scale without having to manage critical data infrastructure
Liz Martin, vice president, Coinbase Markets, said, the Chainlink data standard is battle-tested, institutional-grade infrastructure, making it the clear choice for bringing (our) market data into on-chain markets.
Johann Eid, CBO at Chainlink Labs, added, they are building the programmable market infrastructure.