Coinbase Integrates Chainlink DataLink, Stock Rebounds 4% After 8% Drop
Coinbase will integrate its exchange data onchain using Chainlink’s DataLink service, making billions of dollars in daily trading activity accessible for DeFi pricing, risk management, and new products like derivatives and tokenized assets. The stock rebounded 4% following an 8% drop triggered by proposed stablecoin yield restrictions impacting partner Circle.
1. Integration with Chainlink DataLink
Coinbase will integrate its exchange data using Chainlink’s DataLink service to publish order books and trade data on public blockchains, aiming to improve pricing accuracy, risk management, and enable new DeFi products such as derivatives and tokenized assets.
2. Stock Movement After Regulatory Concerns
Coinbase shares rebounded 4% after losing 8% in the prior session, as investors digested proposed legislation to limit stablecoin yields that affected partner Circle and broader market sentiment on crypto platform yields.