<img src="https://bitcoinmagazine.com/.image/c_fit%2Ch_800%2Cw_1200/MjA2Nzg1MjU2Nzk0MTA1NjE5/single-bitcoin.jpg” />
HTX, one of the largest bitcoin and cryptocurrency exchanges in the world, bitcoin-and-lightning-network-applications/”>announced It will integrate the bitcoin Lightning network in partnership with the bitcoin company IBEX.
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BREAKING NEWS: bitcoin and cryptocurrency exchange HTX to integrate twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin A lightning bolt on your platform.
HTX has over 45 MILLION users image.twitter.com/mc1HEORJic
— bitcoin Magazine (@BitcoinMagazine) twitter.com/BitcoinMagazine/status/1834514487430324228?ref_src=twsrc%5Etfw”>September 13, 2024
With over 45 million registered users, HTX is a leading bitcoin and cryptocurrency platform in Asia and around the world in terms of bitcoin trading volume and custody. The platform now plans to incorporate Lightning Network capabilities into its ecosystem.
The Lightning Network is a second-layer payment protocol built on top of bitcoin. It allows for near-instant transactions with significantly lower fees. Exchanges have long been trying to implement Lightning to increase speed and affordability.
“Through this strategic partnership, HTX and IBEX will jointly promote the application and popularization 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 payouts and withdrawals along with reduced transaction costs.
Lightning is finally going mainstream with adoption by Coinbase and now HTX. The bitcoin community has long awaited adoption of Lightning by major exchanges to boost functionality. Now, HTX is delivering on the promise by leading the next wave of Lightning integration.
This demonstrates the gradual maturation of Lightning Network technology and its increasing viability for mainstream bitcoin platforms. As more exchanges implement Lightning payments, bitcoin strengthens its position as an efficient medium for global and instant transactions with negligible fees.
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