Binance Completes Integration of Bitcoin Lightning Network

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Binance Completes Integration of Bitcoin Lightning Network
Credit: © Reuters.

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  • Binance announced the completion of its integration of Bitcoin on the Lightning Network.

  • The integration is intended to make the BTC transactions easier and more scalable by using the Layer-2 scaling solution.

  • Other platforms including Coinbase (NASDAQ: COIN ) and MicroStrategy (NASDAQ: MSTR ) have also hinted at their interest in Lightning Network.

Binance, the global cryptocurrency exchange announced earlier today the successful completion of its long-anticipated integration of the Bitcoin Lightning Network. The integration enables customers to leverage the layer-2 scaling solution for BTC withdrawals and deposits.

On July 17, Binance shared a Twitter post declaring its completion of integration of the top cryptocurrency Bitcoin on the Lightning Network. The tweet read, “Deposits and withdrawals are now open”.

Earlier this year in May, Binance temporarily paused BTC withdrawals in response to a massive surge in the BTC network gas fees. At one point, there were 479,000 unconfir…

The post Binance Completes Integration of Bitcoin Lightning Network appeared first on Coin Edition.

The post Binance Completes Integration of Bitcoin Lightning Network appeared first on Coin Edition.

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