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Coinbase Puts Exchange Data On-Chain With Chainlink as Banks Test Settlement

Institutional tests show blockchains are starting to handle core finance tasks.

Overview

  • Coinbase integrated Chainlink’s DataLink to publish its premium order book, spot price, and derivatives data directly on-chain.
  • JPMorgan and UBS are running live settlement pilots on Chainlink, and a Swift–EuroclearDTCCBNP ParibasUBS group reported 100% consensus in corporate actions tests.
  • Chainlink reports more than $29.3 trillion in transaction value processed, $61.3 billion in assets secured, and about $18 billion in monthly cross-chain volume through its CCIP service.
  • LINK trades near $8.80 after weeks in a $8.20 to $9.55 range, with tightly compressed Bollinger Bands that traders say often precede a volatility jump.
  • U.S. spot LINK ETFs hold about $94 million after recent inflows, and Bitwise opened 401(k) access to its LINK fund, giving more investors a simple way to gain exposure.