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Crypto.com views Chainlink integration as a gateway to DeFi

Crypto.com (.

The first trading pair that will receive a decentralized price feed is CRO/ETH and will be followed by CRO/USD. Anziani said that the company is starting with DeFi tokens but in the future, it plans to use Chainlink’s price feeds for all the tokens in its ecosystem. According to him, the expansion into the DeFi space is not driven by the desire to capitalize on the hype, but rather by the fundamental belief that every human being has an inherent right to control their finances, data and 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 recent controversy around leading exchanges listing a hyped SUSHI token, Anziani said that in his opinion, Crypto.com customers trust it to due diligence prior to listing a new asset; therefore 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 exciting as the DeFi growth has been, the trend towards a more sustainable approach should be welcomed.

Source
cointelegraph

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