Binance has added the ChainLink (LINK) trading pair for the Nigerian Naira (NGN).
The new pair now means that Nigerian users can buy, sell, and trade LINK using the Nigerian Naira.
At the same time, the Binance Smart Chain (BSC), a dual-chain architecture that allows users to seamlessly transfer assets from one blockchain to another, has successfully integrated the ChainLink decentralized oracle network on its mainnet making it available for use by BSC smart contracts, thereby offering a robust ecosystem support of externally connected DeFi applications running on other smart contract verticals in gaming, insurance, and supply chain management.
SEE ALSO: Binance Adds the Ripple Nigerian Naira (XRP/NGN) Trading Pair
The new addition now brings to 9 the total Nigerian Naira (NGN) trading pairs on Binance below:
ChainLink’s price feed oracles have been swiftly adopted across the smart contract ecosystem in 2020 and currently secure over $4 billion in value on DeFi projects such as Aave and Synthetix with integrations from such as Celsius, KyberSwap among others.
ChainLink oracles also enable BSC smart contracts to fetch data from any off-chain API.
ChainLink supply on most crypto exchanges remains at all-time low levels which signals a receding selling pressure and an ongoing accumulation phase. The coin is well positioned for a rebound evidenced by a melting down of the total supply as a percentage on top crypto exchanges.
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