March 29, 2024

Bitfinex Exchange Adds Lightning Network Support

Cryptocurrency exchange Bitfinex has announced that it is adding the ability to deposit and withdraw funds via the Lightning Network from 3December.

Bitfinex CTO Paolo Ardoino(Paolo Ardoino) reported that the company is also working with the development team and RGB to add the Tether and Tether Gold stablecoins to the Lightning Network.

Thanks to the new feature, Bitfinex userswill be able to instantly deposit and withdraw BTC from the exchange. According to Ardonio, Bitfinex sees the great potential of the Lightning network and hopes to promote its popularization among users.

“We believe the Lightning Network could changesituation in the industry, as it contributes to the implementation of P2P micropayments with small fees and provides high bandwidth. Nevertheless, users need more information about the technology, and we want to achieve its more active dissemination, ”said Ardoino.

Let us remember that in March, the Zebpay cryptocurrency exchange was the first to add support for the Lightning Network, and in June, HodlHodl followed suit.

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