Crypto.com Adds Chainlink Price Feeds To DeFi Wallet As New Gateway

Crypto.com adds Chainlink price feeds to its Defi wallet as a new gateway option as it begins expansion into the booming DeFi space as the company chief operating officer Eriz Anziani said:

 “I would say with the partnership with Chainlink is kind of our first integration with a DeFi protocol, it brings value to our customers in terms of providing transparency in the prices that we’re giving them in our DeFi wallet and also making sure our ecosystem token CRO can be integrated into the external protocol by building a price feed for CRO specifically thanks to the Chainlink architecture.”

In today’s Chainlink crypto news, we can see that the first trading pair that is going to get a decentralized price feed is CRO/ETH which will be followed by CRO/USD. Anziani said that the company is starting with DeFi tokens in the near future by planning to use Chainlink’s price feeds for all the tokens in the ecosystem. According to him, the entry into the DeFi space which is not driven by the desire to capitalize on the hype but rather by the fundamental belief which every person has an inherent right to control their own finances as well as identity:

 “We are a very strong believer that blockchain tech and DeFi, in particular, can potentially empower millions to exercise this right, the right to have the control over their money. And we’ve embarked as a company on a mission of building a full ecosystem to make sure Blockchain tech is adopted and used.”

Discussing the controversy around the leading exchanges listing the overhyped SUSHI token, Anziani commented that Crypto.com customers trust it to due diligence before listing a new asset so they decided against listing it:

 “We were aware of the project and when we looked at it, we felt it was not the right time.”

As Crypto.com adds Chainlink as a Defi option, the growth of the decentralized finance space is growing towards a more sustainable approach. Also as recently reported in the LINK news, SimpleFX becomes the first broker to start offering Chainlink with buy and sell options or to make a deposit in the cryptocurrency and use the price moves. LINK/USD started trading at $4.12 which has peaked at $20 per year with a whopping 588% increase before crashing at around $12.