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Bitfinex Supports Lightning Network in Industry

Bitfinex Supports Lightning Network in Industry

Bitfinex, a digital asset trading platform offering state-of-the-art services for digital currency traders and liquidity providers around the world, has added support for the Lightning Network that traders can connect to and open a payment channel with the platform.

The Lightning Network is a second layer technology for Bitcoin blockchain that enables custodian-free instant and high-volume micropayments across a network of participants. It creates a secure network, where participants can transact with each other directly, without having to broadcast everything on the blockchain. On another note, Bitfinex users can look forward to more cost-effective and efficient transactions.

As one of the most advanced cryptocurrency exchanges, support for the Lightning Network is one of its efforts to boost Bitcoin’s competitiveness as a means of payment, bringing the cryptocurrency ever close to achieving mass adoption, Bitfinex CTO Paolo Ardoino claimed.

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More innovative services will be added to our Lightning Network node in the near future to provide even more benefits and convenience for our users and the wider cryptocurrency ecosystem.

Paolo Ardoino, Bitfinex CTO
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