From TokenPost · · 40s
Sharplink CEO on Off-Hours Pricing
Sharplink CEO says off-hours blockchain pricing may slow institutional adoption.
In brief
Sharplink CEO says off-hours blockchain pricing may slow institutional adoption. Sharplink CEO Joseph Chalom warns institutions may struggle to adopt blockchain solutions when asset prices are unavailable outside regular market hours. Originally reported by TokenPost.
Sharplink CEO statement
Sharplink CEO Joseph Chalom says institutions’ dependence on traditional financial systems may make it harder for them to adopt blockchain solutions when asset prices are unavailable outside regular market hours.
Chainlink’s 24/7 pricing service
Chainlink’s 24/7 pricing service for tokenized assets uses existing 24/5 data during traditional market sessions and combines quotes from perpetual trading platforms when those markets close.
Potential applications
Potential applications include tokenized-asset trading, perpetual contracts, prediction markets and lending.
The takeaway
Sharplink CEO Joseph Chalom warns institutions may struggle to adopt blockchain solutions when asset prices are unavailable outside regular market hours.
