BitYard integrates more than 80 Chainlink price sources to improve price accuracy and stability – press release Bitcoin News


Press release. Bit Court I am happy to announce that we have integrated 80+ Chainlink price information Get accurate price data in time on our exchange. By integrating the industry’s leading decentralized oracle network, BitYard can access the decentralized price information source of popular spot trading pairs-and plans to continue to add additional information sources over time. Chainlink Price Feeds supports BitYard’s existing framework to help ensure that we provide users with more precise and transparent pricing to achieve perfect spot transaction execution.

BitYard is a leading cryptocurrency exchange, providing crypto asset trading services in more than 150 countries/regions around the world. BitYard has more than 300 spot trading pairs, as well as CFDs, perpetual contracts, foreign exchange, commodities and copy trading functions. The platform simplifies crypto trading for novice investors and provides an easy-to-understand user interface.

As a cryptocurrency exchange in the CeFi ecosystem, BitYard experiences price fluctuations between trading pairs every day. However, by integrating Chainlink price information, we have a valuable tool that can improve the overall price stability and exchange rate for users who need encryption services. This includes improving our back-end pricing mechanism, discovering price anomalies, and triggering circuit breakers-all of which are particularly important during periods of high volatility. The result is an extra layer of confidence and trust among traders, enabling them to execute strategies based on real-time market conditions.

Chainlink Price Feeds stands out from other data solutions because it provides many excellent features, such as:

  • Accurate pricing – Chainlink price obtains source data from many high-quality data aggregators to generate price data aggregated from hundreds of exchanges, weighted by transaction volume, and eliminated from outliers and suspicious transaction volumes. Chainlink’s data aggregation model can resist API downtime, flash crash outliers, and data manipulation attacks.
  • Reliable updates — Chainlink Price Feeds utilizes a decentralized network of professional node operators operated by leading blockchain DevOps teams and traditional enterprises with good uptime and responsiveness during market fluctuations.
  • Transparent infrastructure — Chainlink provides a set of powerful monitoring tools that allow users to verify the historical and real-time performance of price feeds.
  • lead the industry– Chainlink is the industry’s leading oracle, helping to protect tens of billions of dollars in value and trusted by hundreds of different applications

“By integrating Chainlink Price Feeds into our platform, BitYard can provide traders with more accurate and transparent pricing. This will promote an excellent platform experience, because users can more effectively ensure that they have access to a fair market during periods of market volatility. Price and provide an extra layer of protection,” said Michael Hung, BitYard’s marketing director.

About Lianlian
Chainlink is the industry standard for building, accessing, and selling oracle services required to support hybrid smart contracts on any blockchain. The Chainlink oracle network provides a way for smart contracts to reliably connect to any external API and use secure off-chain computing to enable feature-rich applications. Chainlink currently has tens of billions of dollars in funding in DeFi, insurance, gaming, and other major industries, and provides global enterprises and leading data providers with a universal gateway to all blockchains.

Learn more about Chainlink by visiting Chain link Or read the documentation Discuss integration, Contact an expert.

About BitYard

Established at the end of 2019 and headquartered in Singapore, Bit Court It is the world’s leading cryptocurrency derivatives exchange. As one of the fastest-growing exchanges, BitYard continuously optimizes and upgrades its platform, bringing many high-quality trading services to users around the world. With the brand new corporate slogan “Grow Your Future in the Yard”, BitYard will continue to provide one-stop financial transaction services to help global investors achieve their investment goals.

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