Huobi Wallet will run a Chainlink Node, after the exchange announced on June 3 that it would undertake a “two-part integration” with Chainlink (LINK). 

First, Huobi will make its exchange price data with Chainlink’s oracles. As a result, developers will be able to use Huobi Global’s price data for the development of smart contracts. Price pairs that will initially be available are BTC/ETH, BTC/USDT, ETH/USDT, and LINK/ETH. Huobi plans to introduce more pairs as time passes. 

Second, Huobi will become the first exchange to run on a node on the Chainlink network. By directly running a node, users will also guaranteed that the data being used is authentic and accurate. 

Huobi Wallet CEO Will Huang said of the collaboration, 

DeFi offers a unique value proposition of providing financial products that are transparent, open, and programmable. We are very excited to accelerate our involvement in this emerging trend by providing Chainlink users access to Huobi Global exchange data, as well as running our own Chainlink Node. We want to accelerate the growth of DeFi, and we feel that supporting Chainlink’s critical oracle services are key to enabling DeFi to take the next step in its evolution.

Huobi also mentioned that it plans to support the development of the defi space, which has experienced tremendous growth since the start of 2020. The exchange hopes that the new data feed will lead to the development of more related products and services.