2019’s Hottest Cryptocurrency Chainlink (LINK) Goes Live on Coinbase Pro
- A hot year for Chainlink, after Google Cloud integration news and partnership with Oracle, now it is listed on Coinbase Pro
- Though currently in the red by over 4%, with 686% gains LINK is one of the biggest YTD gainers
The latest addition on Coinbase Pro is Chainlink (LINK). The US-based exchange announced support for the digital asset on June 26.
Inbound transfers for LINK are now available in the regions where trading is supported. Traders cannot place orders and no orders will be filled. Order books will be in transfer-only mode for a minimum of 12 hours. https://t.co/5wgZXZ9QmT
— Coinbase Pro (@CoinbasePro) June 26, 2019
Coinbase Pro will start accepting deposits 12 hours prior to enabling full trading while inbound transfers begin after 10am PT on June 26. Just like other Coinbase Pro additions, once sufficient supply of LINK is established on the platform, trading for the LINK/USD and LINK/ETH pairs will be started in phases.
Support for LINK is made available in all of the supported jurisdictions of Coinbase, except for New York State.
Just like with Civic (CVC), Dai, district0x (DNT), Golem (GNT), Loom Network (LOOM), Decnetraland (MANA), Maker (MKR), Augur (REP), and Zilliqa (ZIL), LINK won’t be available on Coinbase.com rather only on Coinbase Pro for now.
Google Cloud Integration & Oracle Partnership
An Ethereum-based decentralized oracle service, Chainlink aims to connect smart contracts to external data sources, APIs, and payment systems.
During the second week of this month as we reported, Google Cloud is analyzing the possibility to use Chainlink to focus on prediction markets and future contracts.
Per this integration, not partnership, Chainlink and Ethereum Smart contracts will be integrating with BigQuery, the data analyzer making it possible for the developers to build decentralized applications (Dapps) that would improve visibility and efficiency for smart contacts.
Just yesterday came the news of Chainlink making another big move in the form of Oracle, one of the biggest software in the world. Announced on June 25th at the CloudEXPO conference in Santa Clara, California, this collaboration that has been in the works for months entails Oracle’s blockchain experts working with the Chainlink team to help startups monetize APIs via smart contracts.
We’re thrilled to work with great companies like Oracle and their @oraclestartup team, which has graciously offered to support 50+ Chainlink nodes/teams that will be providing high-quality inputs and outputs into Oracle’s various blockchain environments @fribeiro1 #smartcontracts pic.twitter.com/MqFW6faS5d
— Chainlink – Official Channel (@chainlink) June 25, 2019
2019’s Hottest Cryptocurrency Up Over 686%
Whats’ interesting or not so much for Chainlink is Coinbase seems to be losing its ability to pump digital assets with their listing. We saw it with XRP and now with LINK.
At the time of writing, LINK/USD has been trading at $2.30 with 24 hours loss of 4.69 percent while in the red by 16 and 12 percent in the BTC and ETH market respectively. However, till date in 2019, it is up by 686 percent, one of the highest YTD gainers of all cryptocurrencies.