Centralized exchanges KuCoin steps up its price data game by integrating Chainlink’s Price Feeds. The price information provided by this decentralized oracle network ensures users can access accurate and tamper-proof exchange rates for supported crypto assets and fiat currencies. The integration of Chainlink into the KuCoin exchange is an important milestone for both KuCoin and Chainlink.
It will be able to provide more stable rates, lower slippage risk, and improve the transparency of their platform. It is the industry-leading provider of decentralized oracle services Chainlink, and dozens of partners have integrated its technology in recent years, their Price Feeds powered centralized and decentralized exchanges, DeFi protocols, and much more.
KuCoin joins the likes of Orion Protocol, Bitrue, Bancor, DeFiner, MCDEX, 1Inch, PancakeSwap, and many others in providing accurate and trusted price data. Integrating Chainlink Price Feeds comes on the heels of KuCoin surpassing 10 million registered users and 1283119 twitter followers Furthermore, the growth of new users is impressive, increasing in volume and more new users shows a continued need for trustworthy real-time data. This is important to ensure the floating exchange rates of the market are on par with global markets and build trust among the community. KuCoin is the 6th most used crypto exchange with 20,327,924.0 visits , $2,491,456,852 volume in 24h.