Coinbase and Chainlink Bring Order Book and Derivatives Data On-Chain to Expand DeFi Application Scenarios

Odaily News Coinbase announced that, through the Chainlink Data Link service, it is for the first time directly pushing its exchange market data on-chain, including order book and derivatives data such as futures and perpetual contracts. This integration covers data streams from Coinbase International Exchange and Coinbase Derivatives Exchange, enabling on-chain protocols and applications to access and verify in real-time various market information, including perpetual contracts, stocks, and commodities.

Coinbase stated that this move not only helps commercialize its core market data resources and advance its "all-in-one exchange" and comprehensive prime brokerage strategy, but also provides institutional-grade benchmark data for DeFi and traditional finance developers, supporting application innovations in derivatives, tokenized assets, and more. Chainlink pointed out that this collaboration is expected to provide on-chain finance with a data infrastructure offering higher security and reliability, driving the development of the next-generation financial system. (The Block)