Coinbase integrated Lightning Network in April 2024 to simplify and accelerate transactions with BTC. To do this, the exchange entered into a partnership agreement with the Lightspark service, headed by PayPal ex-president David Marcus. Coinbase Development Director Michael Rihani noted that a year later the percentage of such transactions demonstrated real benefits from Lightning Network – Bitcoin became an effective tool for making international payments.
In addition to improving transactions with the first cryptocurrency, Coinbase Asset Management plans to launch an institutional fund called Coinbase Bitcoin Yield Fund (CBYF). It is intended for international lawyer companies that can make a profit from bitcoins. The fund has already been invested in the Aspen Digital, adjustable in Abu Dhabi.
Recently, Tether Director General Paolo Ardoino has promised that USDT stabilcoins will soon become available on the Lightning Network network. In his opinion, this is the best place for large transactions with stablecoins.
Last year, the Kraken crypto -rope blocked the output of bitcoins via Lightning Network for some customers. The leadership of the exchange explained this with the new conditions for user service from Germany and the desire to comply with the requirements of the Federal Financial Supervision of Germany (Bafin).
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
