CoinJar, an Australia and UK based crypto exchange platform based in Australia, announced today that it is integrating Chainlink price feeds to enable accurate, fair market rates for their cryptocurrency exchange. With Chainlink, CoinJar will be able to accurately display the prices of assets and help users make more informed decisions backed by tamper-evident data.

The decentralized architecture of Chainlink Price Feeds helps ensure high-precision price reference data at all times – even with extreme network congestion and market volatility. The CoinJar team chose Chainlink because its Oracle solution has proven itself in providing data and calculations from the real world in the chain. Since its inception, Chainlink has helped secure more than $ 75 billion for leading DeFi, CeFi and other blockchain apps.

Additional features of Chainlink Price Feeds include:

  • High quality data – Chainlink Price Feeds source data from numerous premium data aggregators resulting in price data that is aggregated from hundreds of exchanges, weighted by volume and cleaned of outliers and suspicious volumes.
  • High update frequency – Chainlink Price Feeds can perform frequent price updates at minimal cost, resulting in precise price data that consistently reflects current market conditions.
  • Robust infrastructure – Chainlink Price Feeds leverage decentralized networks of professional node operators operated by leading blockchain DevOps teams and traditional companies with a strong track record of availability during market volatility.
  • Transparent surveillance – Chainlink provides a reputation framework and a range of on-chain monitoring tools that allow users to independently review historical and real-time performance of price feeds.

“Chainlink Price Feeds offer a superior alternative to maintaining our own price data solution or using other options that can go offline. We will continue to investigate how we can use other decentralized Chainlink services to improve the functionality and reliability of our exchange. “
– Asher Tan, CEO of CoinJar

Founded in 2013, over 500,000 users on CoinJar have traded over $ 4 billion in assets held over more than $ 750 million in assets. CoinJar also has an OTC trading desk and an institutional offering.

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