PANews reported on April 29 that according to The Block, cryptocurrency exchange Coinbase stated that 15% of its Bitcoin trading volume is conducted through the Lightning Network. Previously, in April 2024, Coinbase integrated the Lightning Network to provide customers with more efficient and convenient Bitcoin trading services. Coinbase's Product Director Michael Rihani noted in a statement: "Integrating the Lightning Network is a key step in supporting the Bitcoin ecosystem and promoting payment upgrades. With less than a year, 15% of transactions use this network, validating its utility. With Lightspark's support, Bitcoin is becoming a powerful tool for global payments." Lightspark focuses on expanding global payment infrastructure through the Lightning Network and has developed tools such as SDK to help developers access the network. Additionally, Coinbase not only simplifies transactions but also seeks to enhance consumer Bitcoin holding returns, announcing the launch of the "Coinbase Bitcoin Yield Fund" on May 1, with a target annual return of 4% to 8%.
