Liz Martin, Vice President of Coinbase Markets, expressed the company's excitement about using DataLink to bring Coinbase's trading market data on-chain for the first time, building on existing Chainlink integrations. She emphasized that Chainlink's data standards are a "battle-tested, institutional-grade infrastructure," calling it a smart choice for introducing Coinbase market data to on-chain markets, and noted that its benchmarks will enable DeFi News and TradFi developers to "build more robust on-chain applications across various domains, including derivatives and tokenized assets."
Johann Eid, Chief Business Officer of Chainlink Labs, provided a broader perspective on the announcement. He stated, "Coinbase's decision to bring its trading data on-chain via Chainlink sends a clear signal." Eid pointed out, "By providing institutional-grade trading data to the blockchain, we are proving that the future of finance requires an uncompromising security foundation. We are not just moving data; we are building programmable market infrastructure that will define the next era of tokenization."
Unlocking the Potential of DataLink for DeFi News
Deepening the Relationship Between Coinbase and Chainlink