WhiteBIT Integrates Lightning Network for Bitcoin Deposits and Withdrawals
Swiss crypto exchange WhiteBIT adds Lightning Network support via Voltage, enabling faster and cheaper bitcoin transactions for its users.
Why it matters
The integration adds another major exchange to the Lightning Network, potentially increasing liquidity and adoption of the second-layer solution for bitcoin payments. However, with only one source reporting, the significance remains limited to this single announcement.
Key facts
WhiteBIT announced integration of the Lightning Network for bitcoin deposits and withdrawals on Thursday.
Reported by Bitcoin Magazine
The Lightning Network integration is powered by Voltage, a bitcoin infrastructure provider.
Reported by Bitcoin Magazine
WhiteBIT CEO Volodymyr Nosov said the integration supports the exchange's mission to make blockchain technology more accessible.
Reported by Bitcoin Magazine
Coinbase and Kraken have previously integrated the Lightning Network in recent years.
Reported by Bitcoin Magazine
What happened
Bitcoin Magazine reported that WhiteBIT, a Switzerland-based cryptocurrency exchange ranked 17th by transaction volume on CoinGecko, announced on Thursday its integration of the Lightning Network for bitcoin deposits and withdrawals. The integration is powered by Voltage, a bitcoin infrastructure provider. WhiteBIT CEO Volodymyr Nosov stated the move aligns with the exchange's mission to make blockchain technology more accessible. The exchange cited use cases including remittances, exchange funding, merchant QR payments, and interoperability with Lightning-enabled wallets. Other major exchanges such as Coinbase and Kraken have previously integrated Lightning. Transaction volume on the network has reportedly surged this year as exchanges adopt it for low-cost, fast fund transfers.
How the story developed
- First report
First report by Bitcoin Magazine
WhiteBIT Integrates Lightning Network for Fast and Cheap Bitcoin Transactions
- Update
WhiteBIT announces Lightning Network integration
Swiss exchange WhiteBIT adds Lightning support for bitcoin deposits and withdrawals via Voltage infrastructure
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Bitcoin Magazine Crypto media | WhiteBIT Integrates Lightning Network for Fast and Cheap Bitcoin Transactions | Original |
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