HTX, one of the largest Bitcoin and cryptocurrency exchanges in the world, It was announced Bitcoin Lightning Network will be integrated in partnership with Bitcoin IBEX.
Breaking: Cryptocurrency exchange HTX integrates with Bitcoin #Bitcoin Lightning in his platform.
HTX has over 45 million users 🚀 pic.twitter.com/mc1HEORJic
— Bitcoin Magazine (@BitcoinMagazine) September 13, 2024
With over 45 million registered users, HTX is the leading Bitcoin and cryptocurrency exchange in Asia and the world based on trading volume and Bitcoin custody. The exchange is now planning to integrate Lightning Network capabilities into its ecosystem.
The Lightning Network is a layer-two payments protocol built on Bitcoin. It enables near-instant transactions with much lower fees. Exchanges have long sought to implement Lightning to enhance speed and affordability.
“Through this strategic partnership, HTX and IBEX will jointly promote the application and deployment of Bitcoin and Lightning Network technology worldwide, providing users with more efficient, secure and convenient digital asset trading services,” an HTX spokesperson said.
By leveraging IBEX’s Lightning Network solution, HTX users will soon enjoy faster payments and withdrawals along with lower transaction costs.
Finally, Lightning is becoming mainstream with its adoption by Coinbase and now HTX. The Bitcoin community has been waiting for Lightning to be adopted by major exchanges to enhance functionality. Now, HTX is delivering on what was needed by leading the next wave of Lightning integration.
This demonstrates the gradual maturity of Lightning Network technology and its increasing applicability to major Bitcoin platforms. As more exchanges implement Lightning payments, Bitcoin is cementing its position as an efficient means of instant global transactions with negligible fees.
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