Coinbase has partnered with Chainlink to bring its exchange market data on-chain using Chainlink's DataLink service. This marks the first time Coinbase's order books, perpetual contracts, futures, and select stock and commodity data from its International and Derivatives Exchanges are available on the blockchain. The integration aims to provide real-time data access for decentralized protocols and applications, facilitating the development of derivatives and tokenized assets.
Coinbase's initiative is part of its strategy to monetize institutional-grade benchmark data and enhance its "Exchange of Everything" and full-stack prime brokerage offerings. Chainlink highlighted that DataLink is also utilized by institutions like S&P Global and FTSE Russell, further bridging traditional financial data with blockchain technology.
Coinbase Integrates Market Data On-Chain via Chainlink's DataLink
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