Bitcoin News and Finance
BitYard Integrates 80+ Chainlink Price Feeds for Enhanced Price Accuracy and Stability Skip to main content

BitYard Integrates 80+ Chainlink Price Feeds for Enhanced Price Accuracy and Stability

PRESS RELEASE. BitYard is delighted to announce our integration of 80+ Chainlink Price Feeds to obtain accurate price data in a timely manner within 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 is a leading cryptocurrency exchange that offers crypto asset trading services in over 150 countries worldwide. BitYard has over 300 spot trading pairs, along with CFD, perpetuals, forex, commodities and copy-trading features. The platform simplifies crypto trading for novice investors and offers an easy-to-understand user interface.

As a cryptocurrency exchange in the CeFi ecosystem, BitYard experiences price volatility across trading pairs on a daily basis. However, by integrating Chainlink Price Feeds, we have a valuable tool for improving the overall price stability and exchange rates offered to users in need of crypto services. This includes improving our backend pricing mechanism, spotting price anomalies, and triggering circuit breakers—all particularly important during times of high volatility. The result is an extra layer of confidence and trust among traders, allowing them to execute strategies based on real-time market conditions.

Chainlink Price Feeds stood out from other data solutions because of a multitude of superior features it offers, such as:

  • 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.

  • 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 is an industry-leading oracle that helps secure tens of billions of dollars in value and is trusted by hundreds of different 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.

About Chainlink
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.

Learn more about Chainlink by visiting chain.link or read the documentation at docs.chain.link. To discuss an integration, reach out to an expert.

About BitYard

Founded in late 2019 and headquartered in Singapore, BitYard is a leading global cryptocurrency derivatives exchange. As one of the fastest-growing exchanges, BitYard has continuously optimized and upgraded the platform and has brought many quality trading services to users worldwide. 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 release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Post a Comment
Read more
Blogarama - Blog Directory