Bitfinex Exchange Adds Lightning Network Support

December 3, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

Marko Vidrih
Dec 3 · 2 min read

The Bitfinex cryptocurrency exchange has announced that it is adding the ability to deposit and withdraw funds through the Lightning Network from December 3rd.

Bitfinex CTO Paolo Ardoino said the company is also working with a development team to add Tether and Tether Gold stablecoins to the Lightning Network.

Thanks to the new feature, Bitfinex users can instantly deposit and withdraw BTC from the exchange. According to Arduino, Bitfinex sees the great potential of the Lightning Network and hopes to promote its popularization among users.

“In Bitfinex, we think that it [the Lightning Network] can be the game-changer of our industry, since it enables P2P micro-payments with small fees and high throughput. Its P2P nature carries the unstoppable force of bitcoin. Still it requires more awareness, understanding and adoption from the larger crypto community. A major exchange supporting it will speed up this adoption process,” said Ardoino.

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

Author: Marko Vidrih


ALTCOIN MAGAZINE

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Marko Vidrih

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I love writing, and that is why I do it. A passion for not only providing information but for helping people understand.

ALTCOIN MAGAZINE

The best damn place to read and write about crypto and blockchain.

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