From Nasdaq: 2024-05-01 09:20:24

Coinbase partners with Lightspark to integrate bitcoin’s Lightning Network, reducing costs for off-chain transactions compared to credit cards and wire transfers. This move expands the usage case for bitcoin as a peer-to-peer monetary transfer option, highlighting its disruptive capability to traditional financial services.

The Lightning Network integration on Coinbase signals the exchange operator’s commitment to supporting bitcoin and lowering transfer costs and times. Instant off-chain bitcoin transfers at a fraction of the cost are now available, enhancing efficiencies in cryptocurrency payments worldwide.

Coinbase’s ongoing support for bitcoin and the Lightning Network integration has bolstered shares of the company, which are included in over 120 exchange-traded funds like BKCH, FDIG, BITQ, and BLOK. This move underscores the growing importance of cryptocurrency in the investment landscape, attracting interest from various fund managers and investors.

Read more at Nasdaq: Coinbase Unveils Bitcoin Lightning Network Deal With Lightspark