Chainlink adds 24/5 data feeds for US stocks and ETFs

Crypto infrastructure company Chainlink said on Tuesday it will add 24/5 US equities and exchange-traded fund data streams to its market data services, which it says could bring the $80 trillion US market on-chain. Chainlink said the 24/5 US Equities Streams will deliver 'fast and secure market data across all major US equities and ETFs — 24 hours per day, 5 days per week.' The product lets traders buy, sell or lend blockchain-based stocks and ETFs through crypto exchanges beyond standard US trading hours and provides data such as volumes and bid and ask prices.

Chainlink said US equities 'remain significantly underrepresented on-chain' because they 'trade across fragmented sessions during dedicated market hours' rather than continuously like cryptocurrencies. At least eight crypto protocols are already using the new streams, including Lighter, BitMEX, ApeX, HelloTrade, Decibel, Monaco, Opinion Labs and Orderly Network.

The New York Stock Exchange said on Monday it is developing a blockchain-based platform for 24/7 trading and instant settlement of tokenized stocks and ETFs. US regulators are also examining always-on markets: the SEC and the CFTC said in September they were exploring allowing 24/7 markets, and in April the CFTC sought public comment on the implications of 24/7 commodities trading.

Key Topics

Crypto, Chainlink, Us Equities, Etfs, Nyse, Sec