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Coinbase Taps Chainlink to Put Its Exchange Data Onchain for the First Time

The move opens smart contracts to institutional trading data, improving pricing and risk tools for DeFi.

Overview

  • Coinbase, which announced the integration Wednesday, is using Chainlink's DataLink service to publish its exchange market data directly to public blockchains.
  • The feeds include order book snapshots, spot prices, perpetual futures from Coinbase International Exchange, e‑mini futures, and datasets on metals, energy, and equity futures via Coinbase Derivatives Exchange.
  • Routing the numbers through Chainlink’s decentralized oracle network lets any smart contract read them onchain without relying on a single middleman.
  • Coinbase and Chainlink say the data can power new onchain products such as derivatives, tokenized assets, and lending tools that need precise pricing and risk signals.
  • The partnership builds on recent ties that used Chainlink’s CCIP for Coinbase’s wrapped assets and secured the Base–Solana bridge, signaling deeper shared infrastructure across chains.