Vavada Banner
BTC $77,834.00 (-0.15%)
ETH $2,326.86 (-0.08%)
XRP $1.42 (-0.41%)
BNB $628.66 (-0.46%)
SOL $86.00 (-0.52%)
TRX $0.32 (+0.00%)
DOGE $0.10 (-0.01%)
HYPE $42.55 (+3.09%)
LEO $10.37 (+0.90%)
ADA $0.25 (-0.89%)
BCH $448.81 (-0.96%)
XMR $383.46 (+1.52%)
LINK $9.36 (-0.44%)
ZEC $353.16 (-0.63%)
CC $0.15 (-0.21%)
XLM $0.17 (+0.31%)
M $4.20 (-1.98%)
LTC $55.51 (-1.11%)
AVAX $9.28 (-1.32%)
HBAR $0.09 (-1.36%)

Crypto Exchange Coinbase Leverages Chainlink Proof of Reserves

Twitter icon  •  Published hace 10 meses on May 30, 2025  •  Hassan Maishera

Coinbase, one of the leading crypto exchanges in the world, is utilizing Chainlink Proof of Reserve to increase the transparency of over $4.6B worth of cbBTC reserves.

Crypto Exchange Coinbase Leverages Chainlink Proof of Reserves

On Thursday, Chainlink announced via X that Coinbase, one of the leading crypto exchanges in the world, is utilizing Chainlink Proof of Reserve to increase the transparency of over $4.6B worth of cbBTC reserves.

Utilizing Proof of Reserves on Base and Ethereum provides independent, transparent onchain verifications that cbBTC reserves are backed 1:1 by BTC.

Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is down 7% over the past 24 hours, trading at $14.70.

Financial Giant Western Union Prepares Stablecoin Launch
Next article Financial Giant Western Union Prepares Stablecoin Launch
OKX Banner

Author

Read Hassan Maishera's articles →
Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

Editorial Standards Corrections & Retractions Policy About
Follow us on Google News
BC.game Banner
OKX Banner