Hassan Maishera
Chainlink announced on Wednesday that LBank, a global crypto exchange with 25M+ users, is adopting Chainlink to power high-speed prediction markets.
With Chainlink Data Streams, LBank is unlocking instant resolutions and payouts for its international user base across crypto prediction markets.
The integration unlocks high-speed price data delivery and rapid settlement for short-term BTC and ETH prediction markets, allowing 5-minute and 15-minute contracts to be resolved accurately within minutes instead of hours.
By leveraging Chainlink’s market-leading decentralized oracle infrastructure, LBank improves transparency, efficiency, and user experience across its prediction market offerings
Chainlink is powered by the LINK token, which is used to pay for platform services and secure the network’s proper functioning. Chainlink leverages a novel fee model where offchain and onchain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve.
Chainlink is at the forefront of financial innovation and the global tokenization trend. Traditional financial institutions and infrastructure, such as SWIFT, DTCC, Euroclear, J.P. Morgan, Mastercard, the Central Bank of Brazil, UBS, SBI, Fidelity International, ANZ, and many others, are adopting Chainlink as a fundamental infrastructure as they move toward tokenizing trillions onchain. Demand for Chainlink has already generated hundreds of millions of dollars in revenue across a variety of traditional and decentralized use cases.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up 0.2% over the past 24 hours, trading at $8.18.
