- Bingbon is now using and sponsoring the industry-leading Chainlink Price Feeds.
- Now Bingbon users can directly access the top price benchmarks via its website and app.
- Bingbon will amplify its reach by incorporating Chainlink into its product offering.
Crypto Social Trading Exchange Bingbon is now using and sponsoring the industry-leading Chainlink Price Feeds. This new move will help the fintech in providing users with the most accurate and up-to-date prices on crypto-assets.
Now Bingbon users can directly access the top price benchmarks via its website and app. With this integration, both Bingbon and Chainlink Price Feeds mark the beginning of a string of future collabs such as for circuit breakers in its liquidation mechanism.
Incorporating Chainlink into its product offering, Bingbon will amplify its reach, as well as user experience for traders. It already offers a variety of features such as fiat-to-crypto gateway and access to spot markets, derivatives markets with leverage, and demo accounts. At news time, Bingbon already boasts of facilitating a cumulative trading volume of $171 billion across users from over 100 countries.
As such, Chainlink remains the most widely used price reference for DeFi. Its reputation as the most time-tested and historically reliable decentralized price feed solution in the crypto industry is unmatchable. Successfully securing tens of billions of dollars in value across DeFi, the price feeds continue to move into CeFi infrastructure.
Notable features of Chainlink as a price feed are:
- High-Quality Data
- Reliable Nodes
- Decentralized Infrastructure
- Transparent Monitoring
Moreover, Elvisco Carrington, Communications and Partnership Manager at Bingbon, noted regarding the move:
Integrating Chainlink’s Price Feeds into our internal systems was definitely a wise move. This partnership does wonders for our users by providing them with guidelines and a point of reference in terms of cryptocurrency exchange rates. We look forward to further cooperation with the Chainlink Labs team to increase the robustness of our platform through the Chainlink Price Feed.
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