Coinbase says Lightning Network facilitates 15% of its BTC transactions

HT Financial News, 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 driving payment upgrades. With less than a year, 15% of transactions using this network validate 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 SDKs and other tools 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 1st, with a target annual return of 4% to 8%.