Bitfinex exchange adds Lightning Network support

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 December 3.

Bitfinex technical Director Paolo Ardoino said that The company is also working with a group of developers and RGB to add tether and Tether Gold stablecoins to the Lightning Network.

Thanks to the new feature, Bitfinex users will 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 it among users.

“We believe that the Lightning Network can change the situation in the industry, as it facilitates the implementation of P2P micropayments with small fees and provides high throughput. However, users need more information about the technology, and we want to make it more widely available, ” said Ardoino.

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