Singapore—March 27, 2023—
As the fastest-growing cryptocurrency exchange BYDFi, BYDFi is honored to announce our integration with Chainlink and receive the Chainlink’s certification of market data badge. This integration will bring more reliable data to our users, which will help improve the reliability of our market and price data, thereby increasing user trust in our exchange.
Chainlink is one of the world's most renowned blockchain data providers, dedicated to achieving data interoperability through blockchain technology. Chainlink's data integration can bring multiple benefits to cryptocurrency exchanges, including more market data, more accurate price data, and improved trust and competitiveness for exchanges. BYDFi, as the fastest-growing blockchain exchange, has always been committed to the security of user assets and trading experience, which is why BYDFi chose to integrate with Chainlink.
Market prices on exchanges may fluctuate slightly, which can lead to discrepancies in prices between different exchanges. However, with Chainlink's ability to verify all market data, fair market prices can be generated, ensuring that BYDFi's prices remain consistent with the overall market and maintaining a certain level of stability.
Chainlink can obtain data from various sources, and its feature is the use of smart contracts to verify the authenticity and credibility of external data, providing data results such as average prices and weighted average prices. This can provide more accurate price data, making exchange trading more accurate and reliable.
‘’We are delighted to announce our integration with Chainlink, which uses smart contracts to verify the authenticity and credibility of data and employs multiple security mechanisms to protect data security. This can improve the trustworthiness of the exchange and increase user trust.‘’ said Michael Hung, CMO of BYDFi.
BYDFi is a cryptocurrency trading platform for global investors. It has continued to bring professional, convenient and new trading services to global users since 2020. BYDFi provides users with a trading solution through Spot, Lite contracts, Inverse perpetual contracts, USDT perpetual contracts, Grid trading, and Copy-trading services.
Media Contact： Jeanne Hsieh