Public announcements from major cryptocurrency exchanges

Coinbase Rolls Out Bitcoin Lightning for 56M Users, Enables Instant Transactions

Apr 30, 2024, 02:12 PM

Coinbase has officially launched support for the Bitcoin Lightning Network, in collaboration with Lightspark. This integration allows Coinbase users to perform instant, low-cost Bitcoin transactions directly from their accounts. The Lightning Network, a Layer 2 solution designed to enhance the scalability of Bitcoin by reducing transaction fees, is now accessible to Coinbase's 56 million users across over 100 countries, aiming to reach hundreds of millions of people. The rollout includes a maximum withdrawal limit of $2,000 at launch. This development marks a significant milestone in the adoption of Bitcoin and its underlying technologies, aiming to increase economic freedom globally.