Back
Coinbase and Chainlink Bring Order Book, Perpetual Futures (crypto derivatives without expiry), and Futures Data Onchain

Coinbase and Chainlink Bring Order Book, Perpetual Futures (crypto derivatives without expiry), and Futures Data Onchain

According to Coinbase, its order book, spot, and futures market data is being published onchain through Chainlink DataLink, expanding access to institutional-grade feeds for DeFi derivatives and tokenized asset applications.

LINK

Fact Check
The statement is directly supported by an official press release from PR Newswire and corroborated by multiple reputable financial and crypto news outlets like Finextra and The Block. The details regarding the specific data types (order books, perpetual futures) and the technology used (Chainlink DataLink) match the claim perfectly.
    Reference: 123
Summary

Coinbase said it is publishing exchange market data onchain through Chainlink DataLink, widening access to institutional-grade feeds for blockchain-based financial applications. The integration covers data from Coinbase International Exchange and Coinbase Derivatives Exchange, including order books, spot, perpetuals, futures, and some equities and commodities data. The latest update adds spot data and emphasizes potential use cases in DeFi derivatives and tokenized assets, while Chainlink has said DataLink is also used by organizations including S&P Global and FTSE Russell.

Terms & Concepts
  • Onchain: Recorded or made available directly on a blockchain network rather than kept only in off-chain systems.
  • Order book: A real-time list of buy and sell orders on an exchange that shows market depth and trading interest.
  • DeFi: Short for decentralized finance, a blockchain-based financial ecosystem that offers services such as trading, lending, and derivatives without traditional intermediaries.