The integration gives DeFi protocols direct access to institutional-grade order book, spot, and futures data from the largest US crypto exchange.
Coinbase has integrated Chainlink’s DataLink service to publish its premium exchange data onchain for the first time, the companies announced on Tuesday.
DataLink is an institutional-grade data publishing service powered by the Chainlink data standard. Through the integration, DeFi protocols can now access a range of Coinbase’s datasets directly onchain, including order book data, spot prices, perpetual futures data from Coinbase International Exchange, e-mini futures data, and additional datasets spanning crypto, metals, energy, and equity futures via Coinbase Derivatives Exchange.
The data is designed to power more accurate pricing, stronger risk management, and new onchain market types, from derivatives and perpetuals to tokenized real-world assets, structured products, and next-generation lending protocol risk engines.
“We’re excited to build on our existing Chainlink integrations by adopting DataLink to publish Coinbase’s exchange market data onchain for the first time,” said Liz Martin, Vice President of Coinbase Markets. “Our benchmarks enable DeFi and TradFi developers to build more robust onchain apps across derivatives, tokenized assets, and more.”
The DataLink adoption expands an existing relationship. Coinbase’s Base-Solana bridge is secured by Chainlink’s Cross-Chain Interoperability Protocol (CCIP), and Coinbase selected CCIP as its exclusive interoperability provider for all Coinbase Wrapped Assets. Previously, Coinbase also integrated the Chainlink standard into its Project Diamond institutional tokenization platform.
“Coinbase bringing its exchange data onchain through Chainlink sends a clear signal,” said Johann Eid, Chief Business Officer at Chainlink Labs. “We are proving that the future of finance requires a foundation of uncompromising security.”
Coinbase is the latest in a series of major DataLink adopters. FTSE Russell and the TSX Venture Exchange have also tapped the service to bring their market data onchain.
This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.
Source: https://thedefiant.io/news/defi/coinbase-brings-exchange-data-onchain-via-chainlink-s-datalink