Coinbase teams with Chainlink to bring exchange data onchain for first time
Coinbase partnered with Chainlink's DataLink to publish its market data directly onto public blockchains for the first time.Summary
Coinbase has partnered with Chainlink to utilize DataLink, a platform enabling financial institutions to securely publish trusted datasets on blockchains, marking the first time Coinbase is publishing its internal market data on public networks. This integration allows DeFi and TradFi developers to access Coinbase's spot pricing, perpetual futures feeds from Coinbase International Exchange, and data from Coinbase Derivatives Exchange, including metals, energy, and equity futures. By publishing this data via Chainlink's decentralized oracle network, smart contracts can consume institutional-grade trading data natively without relying on a single intermediary. Chainlink Labs emphasized that this development builds the programmable market infrastructure necessary for tokenization and the convergence of institutional finance and DeFi. This collaboration builds upon previous integrations, including Coinbase selecting Chainlink's Cross-Chain Interoperability Protocol (CCIP) for its wrapped assets.
(Source：Crypto Briefing)