Coinbase Integrates Chainlink DataLink for On-Chain Data

Coinbase, the largest cryptocurrency exchange in the United States by trading volume, has integrated Chainlink's DataLink service to publish its premium exchange market data directly on blockchain networks for the first time. The announcement, made on Wednesday, allows decentralized applications to access real-time feeds from Coinbase International Exchange and Coinbase Derivatives Exchange, including order books, spot prices, perpetual futures, and benchmarks for cryptocurrencies, metals, energy, and equity futures.

The integration enables developers to incorporate institutional-grade data into blockchain-based systems without managing complex external pipelines. DataLink, an enterprise-focused platform launched by Chainlink late last year, facilitates secure and verifiable delivery of offchain information to smart contracts. This setup supports applications in derivatives, tokenized real-world assets, structured products, perpetuals, synthetic assets, and lending protocols, where accurate pricing and risk management are essential.

Liz Martin, vice president of Coinbase Markets, highlighted the potential for broader adoption. "We're excited to build on our existing Chainlink...