Aussie crypto exchange CoinJar integrates Chainlink to improve user experience

Chainlink’s alternative market data solution assists CoinJar in driving value for users...

Aussie crypto exchange CoinJar integrates Chainlink to improve user experience

CoinJar, an Australian-based crypto exchange platform operating in both Australia and the UK, today announced that it is integrating Chainlink Price Feeds to help bring accurate fair market rates to its cryptocurrency exchange. With Chainlink, CoinJar will be able to accurately display the prices of assets, assisting users in making better-informed decisions backed by tamper-proof data.

Chainlink Price Feeds’ decentralized architecture helps ensure hyper-accurate price reference data at all times—even during extreme network congestion and market volatility. The CoinJar team selected Chainlink because its oracle solution is time-tested in bringing real-world data and computation on-chain. Since its inception, Chainlink has helped secure $75B+ for leading DeFi, CeFi, and other blockchain apps.

Additional features of Chainlink Price Feeds include:

“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 users have traded $4B+ in assets on CoinJar, which has over $750M+ in assets under custody. CoinJar also features an OTC trading desk and an institutional offering.

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