BitMEX, best known for popularizing perpetual swaps, said Chainlink will provide pricing data for its upcoming Equity Perps.
In an X post, Chainlink described the move as enabling “a new generation of markets across stocks, ETFs, & much more,” citing its Data Streams product as the backbone.
Summary
- Chainlink described its BitMEX partnership as enabling “a new generation of markets across stocks, ETFs, & much more,”
- BitMEX gains institutional-grade market data for a new product category, while Chainlink extends its oracle footprint beyond crypto.
- Derivatives platforms increasingly rely on established oracle infrastructure to power real-world asset exposure.
Data Streams is designed to deliver continuous, sub-second pricing from multiple market sources—an essential requirement for perpetual contracts tied to off-chain assets like equities and exchange-traded funds.
For BitMEX, high-frequency, reliable data is the technical prerequisite for offering equity perps that trade 24/7, even when traditional markets are closed.
Industry observers see the deal as a natural fit. BitMEX gains institutional-grade market data for a new product category, while Chainlink extends its oracle footprint beyond crypto and deeper into tokenized and equity-linked instruments.
The collaboration reflects a wider trend: derivatives platforms increasingly relying on established oracle infrastructure to power real-world asset exposure.
If successful, Equity Perps would allow traders to speculate on stock and ETF price movements without owning the underlying shares, using crypto-native collateral and settlement.
Still, questions remain around pricing methodology, funding rates, and how liquidity and settlement will function outside U.S. market hours—details that could shape whether the products trade smoothly or introduce new risks.
