Today, Coinbase announced it will bring its premium exchange data underpinning billions in trading activity onchain for the first time via Chainlink’s institutional-grade data publishing service, DataLink.
Having enabled over $28 trillion in transaction value, Chainlink is the industry-standard oracle platform powering the vast majority of DeFi and bringing capital markets onchain. DataLink employs the same hyper-reliable oracle infrastructure to provide a turnkey service for data owners, such as Deutsche Börse and S&P Global Ratings, to seamlessly, securely, and reliably publish data onchain without the need to build or maintain new infrastructure.
As one of the most institutionally integrated crypto exchanges, Coinbase leverages Chainlink’s oracle infrastructure to uphold the highest standards of security and reliability.
In 2025, Coinbase integrated Chainlink’s Proof of Reserve to increase the transparency of over $4.6 billion worth of BTC reserves backing its wrapped BTC, cbBTC. Coinbase also selected Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as the exclusive secure bridging solution for all Coinbase wrapped assets including cbBTC, cbETH, cbDOGE, cbLTC, cbADA, and cbXRP, which have an aggregate market cap of approximately $7 billion.
With Coinbase’s exchange data now onchain via DataLink, DeFi markets have direct access to critical market information, which facilitates more accurate pricing, stronger risk management, and new onchain markets across derivatives, tokenized real-world assets, structured products, perpetuals, synthetic assets, next-gen risk engines for lending protocols, and more.
“We’re excited to build on our existing Chainlink integrations by adopting DataLink to publish Coinbase’s exchange market data onchain for the first time,” said Liz Martin, Vice President of Coinbase Markets, in an official announcement.
“The Chainlink data standard is battle-tested, institutional-grade infrastructure, making it the clear choice for bringing Coinbase’s market data into onchain markets. Our benchmarks enable DeFi and TradFi developers to build more robust onchain apps across derivatives, tokenized assets, and more.”
“Coinbase bringing its exchange data onchain through Chainlink sends a clear signal,” added Johann Eid, Chief Business Officer at Chainlink Labs.
“By delivering institutional-grade exchange data to blockchains, we are proving that the future of finance requires a foundation of uncompromising security. We aren’t just moving data; we are building the programmable market infrastructure defining the next era of tokenization and accelerating the convergence of institutional finance and DeFi.”