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Chainlink is not publicly traded at this time. However, there are still ways for investors to gain indirect exposure to stocks in the same industry.
Discover like-minded companies (and public companies with a connection to Chainlink) below. If you choose to invest in any of them, consider one of our favorite brokers — eToro. (Use that link for a $10 bonus — terms and conditions apply.)
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Many cryptocurrencies have passionate online communities, but Chainlink’s fans are on another level.
Often, LINK supporters identify as “marines,” and they see it as their duty to “wage war” against Chainlink critics.
Although Chainlink’s fans are crazy passionate, this crypto project isn’t a dog-themed meme coin with questionable use cases.
Since its founding, Chainlink’s network has become an indispensable “link” between crypto and the outside world.
As Chainlink grows in significance, some investors have asked how to buy Chainlink stock. While buying Chainlink stock isn’t an option for every investor, there are alternative ways to get involved with this blue-chip crypto project.
Chainlink: The Basics
Chainlink is a decentralized crypto network focusing on one task: Bridging the gap between “on-chain” and “off-chain” data.
What does that mean?
Well, you could think of “on-chain” data as anything in the cryptocurrency industry, and “off-chain” as non-crypto-related data.
Since the blockchain tech used in crypto is decentralized, developers have always been wary of introducing points of centralization from outside data sources.
On the flipside, without reliable external data, building dynamic crypto apps with compelling use cases is impossible.
Chainlink resolves this issue by using its decentralized network to send data feeds through programs called “oracles.” Computers on the Chainlink blockchain “stake” (or “lock”) the network’s native LINK tokens to earn rewards and confirm transactions, which helps keep the network decentralized.
Although Chainlink is best known for sending crypto price data throughout the new decentralized finance (DeFi) space, developers can use Chainlink to connect with a limitless pool of data.
Programmers Sergey Nazarov and Steve Ellis introduced Chainlink as “Smartcontract.com” in 2017 and raised $32 million in their initial coin offering (ICO).
Chainlink launched on the Ethereum network in 2019, and the Cayman Islands company Chainlink Labs coordinates development on this blockchain.
Since its founding, Chainlink has partnered with countless crypto projects, and its LINK token remains one of the largest cryptocurrencies by market cap.
Can You Buy Chainlink Stock? Is Chainlink Publicly Traded?
No, there’s no way to buy Chainlink stock at the moment. The company Chainlink Labs is private, and there are no reports that it’s interested in going public anytime soon.
Unless Chainlink Labs goes IPO, you won’t see a Chainlink stock symbol or price chart on a brokerage platform.
How to Buy Chainlink as a Retail Investor
You can’t buy Chainlink stock because Chainlink Labs is a private company.
However, there are plenty of ways to invest in Chainlink’s success without owning shares in Chainlink Labs.
Curious about getting more involved with Chainlink? Keep reading!
Who Owns Chainlink?
It’s difficult to say who “owns” different blockchains because they’re supposed to be “ownerless.”
Since Chainlink is a decentralized network of computers, the “owners” are the people who join the community and participate in LINK staking.
However, Chainlink Labs remains a “central” figure in the Chainlink community. Developers at Chainlink Labs still coordinate development and funding for the Chainlink blockchain.
Also, the co-founders Sergey Nazarov, Steve Ellis, and Ari Juels play a considerable role in Chainlink’s ongoing evolution.
Does Sergey Nazarov Own Chainlink?
Sergey Nazarov co-founded Chainlink and remains one of the leaders of this crypto project. However, since Chainlink is a decentralized network rather than a traditional company, he doesn’t “own” the blockchain.
Sergey Nazarov likely has a massive stockpile of LINK tokens, but he doesn’t own the Chainlink protocol.
Here’s a sneaky tip: You could peruse current LINK wallet addresses on the blockchain scanner website “Etherscan.io” to see who has the most sway in the community. Find the LINK token’s contract address and view which organizations and individuals hold the most LINK.
Since crypto transactions on blockchains like Ethereum are transparent, anyone could see where most of the LINK tokens are on-chain.
How to Invest in Chainlink Stock as a Retail Investor
Retail investors can only buy Chainlink stock if Chainlink Labs decides to go IPO.
In the meantime, you’ll need to look into alternative ways to put your cash to work in Chainlink’s ecosystem.
Thankfully, there are a few ways to get direct or indirect exposure to Chainlink today.
Note: This article does not provide investment advice. The stocks listed should not be taken as recommendations. Your investments are solely your decisions.
The simplest way to invest in Chainlink is to buy its LINK tokens on a crypto exchange. Since Chainlink is such a big deal in the blockchain space, most high-profile centralized crypto exchanges (CEXs) “link” traders with LINK tokens.
A few prominent exchanges offering LINK include:
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Note: You don’t own “shares” in Chainlink Labs when you buy LINK tokens. Instead, LINK tokens are part of Chainlink’s ecosystem and are used to pay fees, incentivize computers on the network, and pay for Chainlink’s oracle services.
Another Chainlink-related investment idea is to buy the cryptocurrency Ethereum (ETH). Although Chainlink is on multiple blockchains, all of these chains are Ethereum compatible (e.g., Avalanche, Polygon, and the BNB Smart Chain).
Therefore, Chainlink’s success heavily relies on Ethereum’s growth.
If you’d prefer investing in stocks rather than cryptocurrencies, a few crypto-related companies are on the public market. For instance, retail investors can buy shares in exchanges like Coinbase (NASDAQ: COIN) or Robinhood (NASDAQ: HOOD), both of which offer LINK trading pairs.
There are also many fintech companies, chip manufacturers, and crypto miners which give investors broad exposure to blockchain tech. Here are a few ideas if you want partial exposure to the crypto market:
- Nvidia (NASDAQ: NVDA)
- Advanced Micro Devices, Inc. (NASDAQ: AMD)
- PayPal (NASDAQ: PYPL)
- Block (NYSE: SQ)
- Riot Platforms (NASDAQ: RIOT)
How to Buy the Chainlink IPO
Here are the steps on how to buy Chainlink stock if and when it becomes available:
- Create or login to your brokerage account (if you don’t have one, we recommend eToro)
- Search for Chainlink
- Select how many shares you want to buy
- Place your order
- Monitor your trade
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.
Chainlink Stock Price Chart
There’s no Chainlink stock price chart because Chainlink Labs isn’t publicly traded.
However, you can follow the price feeds for Chainlink’s LINK token to understand this project’s value and popularity.
Crypto price aggregator websites like CoinMarketCap and CoinGecko constantly update the average cost per LINK token.
While the price of LINK tokens doesn’t correlate with shares in Chainlink Labs, it gives you a sense of how well this project is performing.
The bottom line? Chainlink may not be available on the stock market, but it’s well worth watching the company and sector.
If you’re interested in pursuing adjacent opportunities, consider researching some of the ideas listed in this post.
FAQs:
How to buy Chainlink stock?
There's no way to buy Chainlink stock. Currently, Chainlink Labs is a private company, so it doesn't offer shares on the public market.
How much is Chainlink stock?
Chainlink doesn't offer shares to investors, so there's no Chainlink stock price.
What is Chainlink stock symbol?
There's no Chainlink stock symbol because you can't trade this company on a public exchange like the Nasdaq. However, the symbol for Chainlink's native cryptocurrency is "LINK."
Who owns Chainlink stock?
Chainlink Labs plays the most significant role in the Chainlink blockchain's development, but nobody "owns" Chainlink because it's a decentralized blockchain.
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