Share this article
Kraken Exchange Brings Its Spot Price Data to DeFi Via New Chainlink Node
Kraken's connection to the Chainlink network allows the exchange to broadcast its price data for use in blockchain-based apps.
Updated Sep 14, 2021, 11:04 a.m. Published Feb 1, 2021, 11:30 a.m.
Kraken, the fourth-largest cryptocurrency exchange by trading volume, is making its spot price data available for use by decentralized finance (DeFi) applications and developers.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Kraken announced Monday it is now running its own Chainlink node, enabling it to broadcast its Oracle Rates to Ethereum and other blockchains.
- Chainlink’s built-in cryptographic signing capability also means users will have access to on-chain proof of any data originating from Kraken's platform.
- The Oracle Rates can provide real-time price data feeds for decentralized applications, including derivatives contracts, lending, payments and stablecoins, San Francisco-based Kraken said.
- Chainlink's decentralized oracle network is widely used within DeFi to provide reliable price data aimed to be free from manipulation. Oracles provide data that can be used to trigger events using smart contracts.
- “Not only will this provide DeFi with accurate price feeds from a high-volume exchange, but we can cryptographically sign this data on-chain to prove without a doubt its origin, making it even more reliable when used to trigger automated blockchain transactions,” said Jeremy Welch, Kraken’s VP of product.
Read more: Kraken Adds 26 Crypto Trading Pairs to Capture Growing UK, Australia Markets
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Ether, Dogecoin, Solana Slide as Bitcoin Fails to Sustain Early-Week Breakout
The pullback followed Tuesday's brief spike above $94,500, a move that triggered a minor short squeeze but failed to break the resistance that has capped bitcoin for most of the past three weeks.
What to know:
- Bitcoin fell toward $90,000 as crypto markets lost ground despite a Federal Reserve rate cut.
- Over $514 million in leveraged positions were liquidated, with major tokens like Ether and Solana also declining.
- Analysts suggest Bitcoin must surpass $94,000 to signal a significant rebound, amid concerns over macroeconomic conditions and market liquidity.
Top Stories
