-1.5 C
New York
January 21, 2022
Crypto News

Aussie crypto exchange CoinJar integrates Chainlink to improve user experience » CryptoNinjas

CoinJar, an Australian-based crypto exchange platform working in each Australia and the UK, at the moment introduced that it’s integrating Chainlink Price Feeds to assist deliver correct honest market charges to its cryptocurrency exchange. With Chainlink, CoinJar shall be ready to precisely show the costs of property, aiding customers in making better-informed choices backed by tamper-proof information.

Chainlink Price Feeds’ decentralized structure helps guarantee hyper-accurate price reference information always—even throughout excessive community congestion and market volatility. The CoinJar staff chosen Chainlink as a result of its oracle resolution is time-tested in bringing real-world information and computation on-chain. Since its inception, Chainlink has helped safe $75B+ for main DeFi, CeFi, and different blockchain apps.

Additional options of Chainlink Price Feeds embody:

  • High-Quality Data — Chainlink Price Feeds supply information from quite a few premium information aggregators, main to price information which can be aggregated from lots of of exchanges, weighted by quantity, and cleaned from outliers and suspicious volumes.
  • High Update Frequency — Chainlink Price Feeds can carry out frequent price updates at minimal prices, leading to exact price information that constantly displays present market situations.
  • Robust Infrastructure — Chainlink Price Feeds make the most of decentralized networks {of professional} node operators run by main blockchain DevOps groups and conventional enterprises with a robust monitor report of uptime throughout market volatility.
  • Transparent Monitoring — Chainlink gives a popularity framework and set of on-chain monitoring instruments that permit customers to independently confirm the historic and real-time efficiency of price feeds.

“Chainlink Price Feeds provide a superior alternative to maintaining our own price data solution or using other options that are subject to going offline. We will continue to explore how we can leverage other Chainlink decentralized services to enhance the functionality and reliability of our exchange.”
– Asher Tan, CEO of CoinJar

Founded in 2013, over 500K customers have traded $4B+ in property on CoinJar, which has over $750M+ in property underneath custody. CoinJar additionally options an OTC buying and selling desk and an institutional providing.

Related posts

Political Parties in Thailand Voice Opposition to Government Plan to Tax Crypto Gains – Taxes Bitcoin News

Crypto Advisor

Coinbase’s path to creating a robust and regulated crypto derivatives market

Crypto Advisor

Investors in Collapsed South African Crypto Platform Push for Jailing of Africrypt Directors – Regulation Bitcoin News

Crypto Advisor

Leave a Comment