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💎 DeFi🟢 BullishImportance 7/10

Coinbase pushes order book, perps and futures data onchain with Chainlink’s DataLink bridge

The Block|Daniel Kuhn|
Coinbase pushes order book, perps and futures data onchain with Chainlink’s DataLink bridge
Image via The Block
🤖AI Summary

Coinbase is partnering with Chainlink's DataLink bridge to push order book, perpetuals, and futures trading data directly onchain. This integration will enable onchain protocols and decentralized applications to stream real-time Coinbase trading data, enhancing DeFi infrastructure capabilities.

Key Takeaways
  • Coinbase will stream order book and derivatives data onchain through Chainlink's DataLink bridge.
  • Onchain protocols and applications can now access real-time Coinbase trading data directly.
  • The integration bridges centralized exchange data with decentralized finance infrastructure.
  • This move enhances data availability for DeFi applications and trading protocols.
  • The partnership strengthens the connection between traditional CEX operations and onchain ecosystems.
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