PRESS RELEASE.BitYard is proud to announce that we have integrated 80+ Chainlink Price feeds in order to receive accurate and timely price data on our exchange. By integrating the industry-leading decentralized oracle network, BitYard has access to decentralized price feeds for popular spot trading pairs—with plans to continually add additional feeds over time. Chainlink Price Feeds support BitYard’s existing frameworks by helping ensure that we are offering users more precise and transparent pricing for perfect spot trading executions.
BitYard, a top cryptocurrency exchange offers services for crypto asset trading in more than 150 countries. BitYard offers over 300 spot trading pairs and CFD, perpetuals forex, commodities, copy-trading, as well as other options such as CFD, perpetuals, Forex, commodities, and CFD. It makes crypto trading easy for beginners and has an intuitive user interface.
BitYard is a CeFi cryptocurrency exchange that experiences volatility of prices across different trading pairs every day. By integrating Chainlink Price Feeds we now have a useful tool that improves the exchange rate and price stability for all users looking to use crypto services. This includes improving our backend pricing mechanism, spotting price anomalies, and triggering circuit breakers—all particularly important during times of high volatility. This gives traders an additional layer of trust and confidence, which allows them to implement strategies that are based on current market conditions.
Chainlink price feeds stand out against other data solutions thanks to its many superior features, including:
- Accurate Pricing – Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned from outliers and suspicious volumes. Chainlink’s data aggregation model is resistant to API downtime, flash crash outliers, and data manipulation attacks.
- Get reliable updates — Chainlink Price Feeds utilize decentralized networks of professional node operators run by leading blockchain DevOps teams and traditional enterprises with a strong track record of uptime and responsiveness during market volatility.
- Transparent Infrastructure — Chainlink provides a robust set of monitoring tools that allow users to verify the historical and real-time performance of price feeds.
- Industry Leading – Chainlink, an industry leader oracle which helps to secure billions in value, is trusted by hundreds and thousands of applications
“By integrating Chainlink Price Feeds into our platform, BitYard can offer even more accurate and transparent pricing to traders. This will drive a superior platform experience, as users have stronger assurances that they are getting fair market rates with additional layers of protection during market volatility,” stated Michael Hung, BitYard’s Director of Marketing.
Chainlink is the standard industry for creating, accessing and selling Oracle services that can power hybrid smart contract on any blockchain. The Chainlink oracle network provides smart contracts with the ability to connect securely to any API. It also leverages secure off-chain computations to enable feature-rich apps. Chainlink is currently able to secure tens or billions in DeFi, Insurance, Gaming, and other important industries. It also offers global companies and top data providers an universal gateway into all blockchains.
Chainlink information can be found at www.chain.link. Also, you can find documentation at docs.chain.link. Talk to an expert to discuss an integration.
BitYard was founded in Singapore late in 2019 and is the world’s leading cryptocurrency derivatives exchange. BitYard is one of the most popular exchanges and continues to improve the platform. It also offers many high-quality trading services for users around the world. With the new corporate slogan “Grow Your Future in the Yard” BitYard will continue to help investors around the world to achieve their goals through providing one-stop financial trading services.
This is a press statement. Before taking action regarding the company, its affiliates, or their services, readers should conduct thorough research. Bitcoin.com does not assume any responsibility for damages or losses resulting from or related to the content, goods, or services in this press release.
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