Coinbase Launches Bitcoin Lightning Network for 56 Million Users

Apr 30, 2024, 02:05 PM

Coinbase has officially launched support for the Bitcoin Lightning Network, a significant development in cryptocurrency transactions. This integration, powered by Lightspark, allows Coinbase's 56 million users to conduct instant, low-cost Bitcoin transfers. The rollout marks a milestone for the network, enhancing the capability for rapid and economical transactions directly from user accounts. The Lightning Network, which began as a white paper eight years ago, is now accessible to hundreds of millions of people across over 100 countries. At launch, the service includes a maximum withdrawal limit of $2,000.