Coinbase Announces Chainlink (LINK)
Chainlink (LINK) got major public attention when Coinbase made its first announcement regarding the token on Wednesday, June 26, 2019.
Coinbase had mentioned in that announcement that the token will be listed on one of Coinbase’s products, the Coinbase Pro. Coinbase had integrated the Chainlink wallet on the Coinbase Pro exchange for advanced traders and alerted traders on the new development – which traders had the ability to send in their LINK tokens from outside the exchange as from 10 a.m. pacific time same day.
A follow-up announcement came on Friday, June 28, 2019. This time, not just traders on the Coinbase Pro, but also coinbase.com and Coinbase’s Android and iOS apps users could purchase, trade, send, and receive LINK tokens.
These announcements were met with joy as demand for the token sent links price to the moon, gaining over 70% within 24 hours.
As at the time of reporting, LINK currently trades at $4.45, with a 24 hours trading volume of $767 million. Chainlink has become one of the many Ethereum-based tokens, which have performed incredibly well year-to-date (YTD), currently up over 80%.
According to coinmarketcap, LINK’s highest volume comes from Binance cryptocurrency exchange, having processed over 66% of LINK’s trading volume. Following closely is Coinbase Pro, which has processed 13.22 percent of the total trading volume.
About Chainlink (LINK)
LINK is currently ranked 16th, outranking projects like NEO, IOTA, Zcash, Ontology, and Basic Attention Token (BAT).
According to Coinbase;
“Chainlink (LINK) is an Ethereum token that powers the Chainlink decentralized oracle network. This network allows smart contracts on Ethereum to securely connect to external data sources, APIs, and payment systems.”