Binanceannounced that it has completed the integration of Bitcoin Lightning Network into its BTC withdrawal and deposit platform.
Binance In a blog post published on July 17 by , they stated that their users can now use the tier 2 scaling solution for BTC withdrawals and deposits. Users are now BTCNow as an option when they choose to withdraw or deposit “ LIGHTNING “They will be able to choose. Other options include BNB Smart Chain (BEP-20), Bitcoin, BNB Beacon Chain (BEP2), BTC (SegWit) and Ethereum ERC-20.
Demand for Lightning Network is growing
Binance had to temporarily pause BTC withdrawals due to a problem caused by the recent increase in BTC network gas fees. After this event, he pointed to the month of May, implying the integration of the Lightning Network. With the announcement of Binance’s Lightning Network, it was seen that other exchanges focused on this area. The most striking name among the relevant exchanges coinbaseit happened.
This system, which provides convenience to crypto investors and stock markets, is attracting more and more attention. Finally, Binance also completely “ LIGHTNING ” brought the services related to the 2nd layer scaling solution to the fore. Currently, Binance has BNB Smart Chain (BEP-20), Bitcoin, BNB Beacon Chain (BEP2), BTC (SegWit), and Ethereum ERC-20 as investment-withdrawal options.
