Cardano-based deFIRE Partners with Coin360 Data Aggregator

deFIRE Partners With Coin360

Smart order routing engine deFIRE has announced its partnership with crypto metrics provider Coin360. The blockchain data aggregator will now broadcast its data to deFIRE clients.

The data will be broadcast through Coin360's feature-rich API ecosystem. Hence, Cardano-based applications and their customers will receive accurate data about the assets.

Institutional traders can now execute trades under the circumstances informed by data from cross-blockchain network feeds. This will result in reducing slippage and inefficiencies when dealing with large volume swaps.

Notably, deFIRE is built on the Cardano blockchain and powered by Changelly. Thanks to the partnership, deFIRE will use the new opportunity to deliver distributed oracle infrastructure for Cardano which will help enhance the growing DeFi community in the network.

By delivering distributed oracle infrastructure for Cardano, deFIRE will enhance the network’s expanding DeFi ecosystem and cater to institutional order flow originators and retail traders.

Both Projects Intend to Explore Further Collaboration

In the near future, both projects intend to explore further collaboration and integration opportunities that are mutually beneficial. Such integration will likely include Coin360 providing optimal execution services to deFIRE users via APIs for Cardano-native tokens and beyond.

Coin360 is one of the most popular data aggregation platforms across the blockchain segment. With over 4.6 monthly visitors, it is ranked in the top 16,000 websites globally. Well known for its heat maps, liquidity books, widgets, and charts, Coin360 helps market experts with various levels of expertise stay up to date on the crypto market's movements.

Meanwhile, deFIRE recently raised over $5 million in pre-IDO funding round, with investments from VC funds such as Morningstar, Cryptodromfund, and SwissBorg Ventures.