Odaily Odaily reports that Coinbase has announced that, for the first time, it is pushing its exchange market data directly onto the blockchain via the Chainlink DataLink service. This includes order books 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 obtain and verify various market information, including perpetual contracts, stocks, and commodities, in real time.
Coinbase stated that this move will not only help it commercialize its core market data resources and advance its "all-in-one exchange" and comprehensive prime brokerage strategy, but will also provide institutional-grade benchmark data for DeFi and traditional financial developers, supporting application innovations such as derivatives and tokenized assets. Chainlink pointed out that this collaboration is expected to provide a more secure and reliable data infrastructure for on-chain finance, driving the development of the next-generation financial system. (The Block)
