Coinbase has integrated Chainlink to bring its premium exchange data onchain for the first time via DataLink, an institutional-grade data publishing service powered by the Chainlink data standard. With DataLink, protocols can access a broad range of Coinbase datasets directly onchain, including order book data, spot prices, perpetual futures data (including from Coinbase International Exchange), E-mini futures, and datasets spanning crypto, metals, energy, and equity futures via Coinbase Derivatives Exchange.
Liz Martin, Vice President of Coinbase Markets, said they are excited to build on existing Chainlink integrations by adopting DataLink to publish Coinbase’s exchange market data onchain for the first time. She described the Chainlink data standard as battle-tested and institutional-grade infrastructure, making it the clear choice for bringing Coinbase’s market data into onchain markets. Her remarks noted that the benchmarks enable DeFi and TradFi developers to build more robust onchain apps across derivatives, tokenized assets, and more. Johann Eid, Chief Business Officer at Chainlink Labs, added that delivering institutional-grade exchange data to blockchains signals a future where programmable market infrastructure underpins tokenization and the convergence of institutional finance and DeFi.
The adoption of DataLink follows recent Chainlink integrations from Coinbase, including the Base-Solana Bridge going live secured by CCIP, and Coinbase selecting CCIP as its exclusive interoperability provider for all Coinbase Wrapped Assets. The move is seen as shifting the needle for onchain data quality and institutional credibility, establishing a data floor that the largest DeFi protocols will swiftly adopt for better security and liquidations. Market-wide implications focus on improved data quality for derivatives and lending platforms as major onchain risk protocols consider hard-coding this premium data source to replace lower-fidelity alternatives.
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