Crypto exchange Binance has completed the integration of Bitcoin (BTC) Lightning Network (LN) for deposits and withdrawals activities, according to a July 17 statement.
LN is a “layer 2” payment protocol built on Bitcoin. The protocol enables faster, cheaper transactions between nodes and aims to solve BTC scalability issues, thereby improving user experience and potentially driving higher adoption of the flagship digital asset.
With its integration, Binance joins Bitfinex, Kraken, and OKX as one of the largest trading exchanges to integrate Lightning, according to a GitHub repository by LN advocate David Coen.
Meanwhile, Binance users can still deposit and withdraw their BTC via other networks on the platform, including BNB Smart Chain (BEP-20), Bitcoin, BNB Beacon Chain (BEP2), BTC (SegWit), and Ethereum ERC-20.
Binance nodes connected to rival platforms
Amboss’s dashboard shows that the Binance node is connected to rival exchanges, including Kraken, Bitfinex, and OKX. The das
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