Bitcoin and Crypto Exchange HTX to Integrate the Lightning Network

HTX, one of the largest Bitcoin and cryptocurrency exchanges globally, has announced that it will integrate the Bitcoin Lightning Network in partnership with Bitcoin firm IBEX.

With over 45 million registered users, HTX is a leading Bitcoin and crypto platform in Asia and worldwide based on Bitcoin trading volume and custody. The exchange 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 almost instant transactions with significantly lower fees. Exchanges have long tried to implement Lightning to increase speed and accessibility.

“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,” said an HTX spokesperson.

Using IBEX’s Lightning Network solution, HTX users will soon enjoy faster payouts and withdrawals along with lower transaction costs.

Lightning is finally going mainstream with the adoption by Coinbase and now HTX. The Bitcoin community has long awaited the adoption of Lightning by leading exchanges to increase functionality. Now, HTX delivers by leading the next wave of Lightning integration.

This shows the gradual maturation of Lightning Network technology and its growing viability for mainstream Bitcoin platforms. As more exchanges implement Lightning payments, Bitcoin strengthens its position as an efficient medium for global, instant transactions with negligible fees.