Coinbase CEO Hints At Bitcoin Lightning Network Integration — Leaves Users Anticipating By Benzinga
Benzinga – Brian Armstrong, the CEO of Coinbase (NASDAQ:COIN), one of the largest cryptocurrency exchanges in the world, hinted at the potential integration of Bitcoin’s (CRYPTO: BTC) Lightning Layer 2 scaling solution on their platform.
What Happened: Armstrong was responding to a tweet criticizing him on April 8 for “actively ignoring” the network. He responded, saying, “Lightning is great and something we’ll integrate.”
1/ Yesterday’s Doge trade: On reacting, Sizing, and being degenerate when you need to be.
The essence of News Trading isn’t speed, it is knowing when to size up.
I all started when someone in the Tree News Discord posted that they were seeing the Doge icon as the Twitter logo. pic.twitter.com/483AnBWMUk
— Tree of Alpha (@Tree_of_Alpha) April 4, 2023
At this time, there are no details on what a Lightning integration on Coinbase would involve or when it could be expected. The crypto exchange has been called out in the past for not integrating the Lightning Network, which enables faster and cheaper BTC transactions than the Bitcoin base network.
See More: Top Indian Apps That Give Bitcoin, NFT Rewards
Coinbase has been more active in the Ethereum (CRYPTO: ETH) ecosystem as of late. The company launched “Base” on Feb. 23, which is an Ethereum Layer 2 application-focused network powered by Layer 2 Optimism.
Lightning was launched in March 2018, and last month marked the fifth anniversary of the network.
Price Action: At the time of writing, BTC was trading at $28,322, up 0.93% in the last 24 hours, according to Benzinga Pro.
Read More: Bitcoin, Ethereum, Dogecoin Trade Mixed As Shanghai Upgrade Nears: Analyst Says Apex Crypto Could Breakout If This Happens
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Read the original article on Benzinga
Get The App
Join the millions of people who stay on top of global financial markets with Investing.com.
Download Now
